Your Guide to Mis-Sold Car Finance and PCP Claims
Description: Learn the ins and outs of making a claim for mis-sold car finance or PCP, and how to get the compensation you deserve.
In recent years, mis-sold car finance and PCP deals have become a growing concern for consumers across the UK. With the potential to cause significant financial strain, it’s crucial to understand your rights and the process of making a claim. At SortMyCash, in partnership with Chan Neill Solicitors, we’re committed to helping you navigate this complex landscape.
What is a mis-sold car finance or PCP deal?
A mis-sold car finance or PCP deal occurs when a lender, broker, or dealer provides incorrect, misleading, or inadequate information to a customer. This can lead to the customer entering into an agreement that is not suitable for their needs or financial situation.
Hidden Commissions: The Heart of the Problem
One of the primary reasons behind mis-sold car finance and PCP deals is hidden commissions. These undisclosed fees are paid by the lender to the broker or dealer, creating a conflict of interest that can lead to customers being pushed into unsuitable deals. The Financial Conduct Authority (FCA) has taken action to address this issue, but it remains a problem in the industry.
How to Identify a Mis-Sold Car Finance or PCP Deal
If you suspect you’ve been a victim of a mis-sold car finance or PCP deal, look for the following signs:
- You were not informed about the commissions involved.
- You were pressured into signing the agreement.
- The terms and conditions were not fully explained to you.
- You were not made aware of the total cost of the agreement.
- Your financial situation or needs were not taken into account.
Making a Claim for Mis-Sold Car Finance or PCP
If you believe you have been mis-sold car finance or PCP, you can make a claim for compensation. The process typically involves the following steps:
- Get a copy of your finance agreement from the lender.
- Contact SortMyCash via our simple online form.
- Our solicitors will submit your claim and fight for your compensation.
- Sit back, relax and wait for us to resolve your claim.
Why Choose SortMyCash and Chan Neill Solicitors?
At SortMyCash, we understand the challenges faced by consumers in the car finance and PCP market. Our partnership with Chan Neill Solicitors enables us to provide you with the expert guidance and support you need to make a successful claim. We will work with you to gather evidence, present a strong case, and secure the compensation you deserve.
Don’t let mis-sold car finance or PCP deals hold you back. Take action today and let SortMyCash, in partnership with Chan Neill Solicitors, guide you through the claims process.
Ready to start your car finance claim journey? Click here to visit our main page to learn more about how SortMyCash and Chan Neill Solicitors can help you secure the compensation you deserve.