Claim a refund of car finance interest and charges. You could be due thousands.
No win no fee overdraft interest refund claims.
Did your car finance agreements have a hidden commission. Was your car finance agreement affordable?
There are now two different types of car finance commission complaints, “discretionary commission” and “undisclosed commission”.
“Discretionary commission”
It was common for car finance lenders to allow a car dealer to set the interest rate on a car finance agreement within a range – they had “discretion” over what the rate was. The dealer would get more commission from the car finance lender the higher the interest rate was. So they had an incentive to set your rate as high as they thought you might accept.
“Undisclosed commission”
An Appeal Court case in October 2024 awarded refunds of “undisclosed commission” in three car finance cases. In one of these cases, the car paperwork did not mention any commission. In the other two, there was a statement in the paperwork that commission may be paid, but it was not explained how much. The judgment decided that this was not clear enough for the customers and ordered that the commission should be refunded in each case.
Was your car finance unaffordable?
a loan is only affordable if you can make the repayments on time, without hardship and still meeting your other commitments.
That means you need to be able to pay all your other debts, your normal household bills and expenses as well as the new car loan payments.
You may have made your car finance a top priority as you don’t want the car to be repossessed. As a result you may have had increasing credit card balances, more loans or got behind with bills. That means even though you kept making the payments, the finance was not “affordable”.
How to reclaim car finance commissions and interest?
There is no limit as to how far back you can claim; To claim back car finance commission or interest, we need the name of the finance provider your account was held with. In case your car finance claim is successful, you may be entitled to a refund of all the commission and the monthly/annual interest you have paid for your account and interest on top at the rate that is recommended by the Financial Services Ombudsman which is currently 8%.
How can we help you with car finance and commission claims?
We will help you to investigate your claims on a no-win-no-fee basis. You will not have to pay any money up-front until the case is completed. We will cover the legal costs of the claim, you only pay if the claim is successful from your compensation refund.It means that you have potentially nothing to lose, and if you are awarded the compensation, gain of money.
Our service
No win no fee
You will never be asked to outlay any money upfront. We only get paid if the claim is successful and you receive compensation.
Claim online
You can complete the full claim process online by signing the legal agreement and providing the required documents.
Claim on the phone
You can complete the full claim process over the telephone were a claims manager will complete a fact find and prepopulate all the information onto our legal document for signing.
Regular updates
We will provide you with regular updates whenever we receive any responses from the opponent on your case all the way to completion.
Best outcome
We strive to get you the best possible compensation outcome on your case and will liaise with the opponent on various legal arguments to try and achieve the maximum compensation possible.
Better financial position
Our aim is to put you in a better financial position than before you started the claim by achieving refunds of interest and charges paid as well as achieving a freeze on interest if any balance is left over. We also ask for any adverse credit information to be amended on your credit file.
Join 1000's of customers across the UK. Who have "Received a refund of interest and charges"
Free claim eligibility check
E: info@unaffordablelendingclaim.com
T: 0141 459 0239
Unaffordable lending claim is a trading name of
Park pension recovery service LTD which is regulated by the Financial Conduct Authority, in respect of regulated claims management activities authorisation number 836153.
Important Information
You are not required to use our services to pursue your claim. You can also seek further advice or shop around subject to any time limits within which a claim must be made.
It is possible for you to present the claim for free, either to the firm or person against whom you wish to complain or to the statutory ombudsman (Financial Ombudsman Service or Pension Ombudsman Service) or the Financial Services Compensation Scheme, whichever is applicable to your claim.