Mis-sold Car Finance – 3 Months On From Landmark Ruling, What’s Changed?
Despite legal rulings, both lenders and high street banks are stalling on their obligations towards the thousands of consumers who have been deceived by their unfair practices.
Category: Mis-sold Car Finance
We are the law firm that won the landmark case which led the FCA to launch its investigation into hidden car finance commissions. We offer our expert advice and keep you up to date with the latest news relating to mis-sold car finance compensation claims
Financial Ombudsman Service Decision On Pivotal Test Case Of Young Vs Black Horse May Lead To Consumers Recovering Compensation For Mis Sold Car Finance Agreements
Legal rights for individuals who may have been mis sold car finance agreements may be significantly improved after the Financial Ombudsman Service reached a decision on a test case involving a Bott and Co client.
Financial Ombudsman Service’s Decision On Car Finance Mis Selling May Be Imminent
A decision from the Financial Ombudsman Service in relation to the mis-selling of car finance agreements is expected to be made imminently. It is hoped that the imminent decision finally provides a clear legal precedent on how these types of claims can be made.
Supreme Court Clears Way For Historical Mis-Sold Motor Finance Claims Over Hidden Broker Commissions
In a landmark decision delivered by the Supreme Court, consumers who have been mis-sold financial products may now have a stronger chance of successfully claiming against lenders for not disclosing broker commission details.
Car Finance Market Mis-selling Scandal Explained
In March 2019, the findings of an investigation by the Financial Conduct Authority (FCA) uncovered concerning evidence of widespread unclear and excessive car finance costs, affecting millions of UK drivers. Even more shocking is the discovery that the secret commission methods were used on what is commonly represented to be the most cost-effective way of buying a car.