This is the most important date to understand. You have 6 years from the day you signed your PCP agreement to submit a claim for mis-selling. After that, your right to claim expires permanently and cannot be recovered. How the 6-Year Deadline Works T...
If your PCP was financed by Black Horse, Santander, MotoNovo, Volkswagen Finance, Lexus Finance, Ford Finance, BMW Finance, or any other lender, you can potentially claim for DCA mis-selling. However, each lender has responded differently to the FCA'...
The FCA Redress Scheme refers to the Financial Conduct Authority's enforcement action against lenders for mis-selling PCP finance through discretionary commission arrangements (DCA). The scheme isn't a formal "scheme" with a single portal; rather, it...
The compensation you receive for mis-sold PCP finance is not subject to income tax in the UK. This is good news—you keep the full amount awarded without paying tax on it. Why PCP Compensation Isn't Taxable The Tax Principle Under UK tax law, compensa...
Gathering the right documents is a critical first step in making a successful PCP mis-selling claim. Here's exactly what you need, what's essential versus optional, and how to get missing documents. Essential Documents (Must Have) 1. Original Credit ...
You have a choice when making a PCP mis-selling claim: Option A: Claim Directly Keep 100% of compensation awarded Takes more of your time and effort Higher chance of mistakes without guidance Option B: Use a Claims Company They handle everything T...