What Are PCP Car Finance Claims?
PCP (Personal Contract Purchase) claims arise when car finance agreements were mis-sold to consumers. Following extensive investigations by the Financial Conduct Authority (FCA), it was discovered that many motor finance brokers and dealers received hidden commission payments from lenders. These undisclosed commissions often resulted in consumers being placed on higher interest rates than necessary, meaning they paid more for their car finance than they should have.
The FCA found that these Discretionary Commission Arrangements (DCAs) gave brokers a financial incentive to increase the interest rate on your finance deal, rather than offering you the most competitive rate available. If you took out car finance between 2007 and 2021, there is a strong chance you were affected by these practices and could be entitled to significant compensation.
Our service is designed to identify whether you were impacted, build a robust case on your behalf, and pursue the maximum compensation you are owed — all at no upfront cost to you.