Mis-Sold Car Finance Claims Experts
Helping you discover if you've been mis-sold car finance
How Can Our PCP Claims Experts Help You?
Car owners who purchased their car using this type of finance deal from a dealership are being warned they might have fallen victim to a new type of mis-selling scandal. This relates to car finance known as Personal Contract Plans (PCP) and thousands of people could be effected by this as it is one of the most popular ways to finance a new car.
The National Association of Commercial Finance Brokers (NACFB) says that the complex nature of PCPs is being exploited by dealers to convince drivers they are getting a better deal, or that the PCP deal on offer is a more economical alternative to traditional hire-purchase (HP) arrangements. A PCP is a bit like a personal loan that typically runs for between two and four years. But the size of the loan is equal to the expected amount of depreciation in the car over the length of the deal.
Reclaims 4u Ltd are a claims management company regulated by the Financial Conduct Authority and is paid a recommendation fee from its solicitors . Whilst we do not charge you a fee, the solicitor we recommend will charge you a fee. You do not need to use us to make a claim for compensation, you can either go direct to your own solicitor or make a claim yourself.