Important Notice – Update on Potential Claims
On Friday 1st August, the Supreme Court issued its final ruling regarding motor finance commission claims.
The Court ruled in support of claims involving Discretionary Commission Arrangements (DCA) where brokers could set their own commission by increasing the interest rate without informing the customer.
Following the ruling, the FCA (Financial Conduct Authority) released a statement on Sunday 3rd August, suggesting that most successful claims are expected to be worth less than £950 per finance agreement, based on current estimations.
If you’ve seen earlier estimates stating you could be owed up to £4,224, please note that these were based on pre-judgement references and recent updates mean compensation is likely to be lower. However, if you’ve had more than one eligible finance agreement, you could still have multiple valid claims.
We’re currently in the process of updating all our promotional material to reflect this recent change.
For more information, see:
• FCA to Consult on Motor Finance Compensation Scheme
• Supreme Court Decision on Motor Finance Compensation
We remain committed to helping you get back what you're owed clearly, fairly, and without hassle.
MIS-SOLD CAR FINANCE?
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FCA REGULATED
Reclaim My Money Limited is an authorised Claims Management Company.
By making a claim with our company it does not resolve your complaint quicker or with a better outcome than if you claimed yourself. You are not required to use our services to pursue your claim. You can make a claim yourself via the lender or the Financial Ombudsman Service/ Financial Services Compensation Scheme.
Lenders have until 4th December 25 to respond to your complaint, as the FCA are consulting on a potential motor finance redress scheme.
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Reclaim Your Money
We use expert insight, specialist knowledge and smart technology to uncover and pursue claims that some lenders may overlook and undervalue.
Managed Process
Why You Might Have Unclaimed Money:
Undisclosed Commission
Did your lender or broker hide how much commission they earned from your deal?
Unfair Interest Rates
Did your interest rate change without warning or clear reason?
Pressured to Sign
Were you rushed or pressured into agreeing to a deal?
Unclear Fees
Were the fees confusing or not explained upfront?
How It Works
Our 3‑Step Process
We make the process straightforward while ensuring every claim is handled with clarity, care and precision to secure the best possible outcome for every client.
1
Enter a Few Details
Once you enter your details, we locate your historic car finance records.
2
Experts Take Over
Our claims specialists review the details and establish whether you have a claim.
3
We Negotiate and Send Your Offer
We negotiate the settlement directly with the lender and send the outcome to you for approval.
Click > Forget > Collect
No jargon, no hassle, no endless forms.
We’ll take it from here.
What Our Clients Say
I had a lovely phone converstion
I had a lovely phone conversation with a very polite young lady named steff McKenzie who was very clear and precise in explaining what was required of me and what the next procedure would be . Everything straight forward and simple.
Ian Graham
Steph answered all my questions and made the application process easy
Steph answered all my questions and made the application process easy now just waiting for the final results and iv been assured il be kept updated. Thank you.
Miss Danielle Cooper
Couldn't be happier with the service
Couldn’t be happier with the Service provided by ReclaimMyMoney. I was unaware I even had a claim but after filling out the simple form recommended by a friend I was told the amount I could receive. After that the rest was seamless. Highly recommend
sean gibbs
Although the process is taking a bit longer
Although the process is taking a bit longer than first thought ( out of there hands ) they have been keeping me up to date with what's going on and what to expect.
stuart
Good service
Phoned in to ask some questions, spoke to Daisy who was super friendly
joshua s
Quick and easy process with straight…
Quick and easy process with straight forward instructions and great communication skills.
hannah
Proper Company!
I know that this company is honest and professional top to bottom. Very trustworthy!
Russel James
Minimum effort
Minimum effort. Clear instruction. Great explanation. Step by step guidance while they stay on the line.
ronald
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Frequently Asked Questions
| What is this claim for?
| What happens after I submit a claim?
| What finance companies can you claim against?
| What’s the typical claim value?
| Is this like PPI?
| Do I pay anything upfront?
| Will this affect my credit score or existing finance?
| Is my data safe?
| Do I need an insurance policy like with a law firm?
| How do I know if I was mis-sold?
| Can I still claim if I no longer have the car or have already finished paying it off?
| Can I claim if I already used another company?
| Is there a deadline to claim?
| Can I claim on behalf of someone who has passed away?
| Can I claim for more than one agreement?
| Can I claim for agreements before 2007?
| How much do you charge?
| Can I make the claim myself?
| How is compensation calculated?
| How long will it take?
| When will I know if I’m eligible?
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Office Address
85 Gresham Street, London, EC2V 7NQ
Working Hours
Monday to Friday 09:00 to 17:00.
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Phone Us
Speak to one of our helpful experts to find out how you can start your claim on 020 3337 2888
