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Posts tagged with "Motor Finance"

Guide16 May 2025

What is the PCP Scandal?

Everything you need to know about the PCP scandal, how it may affect you, and how to claim compensation.

Tom Blanchfield

Compensation Car Finance Regulation Consumer Protection Financial Services Motor Finance PCP Hire Purchase

Complex Law LTD T/A Complex Law, SJ Law, Smith Jones Solicitors
Company Registration: 6938570

Registered Office: Avenue HQ, Mann Island, Liverpool, L3 1BP
Authorised and regulated by the Solicitors Regulation Authority.

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*No win, No fee means you won’t pay anything at all unless your claim is successful, and you comply with our Agreement. A regulatory fee restriction applies to all successful claims (see our Agreement). A cancellation fee may apply if you withdraw your claim more than 14 days after signing-up.

** The FCA currently estimates that most individuals will potentially receive an average of £700 in compensation per agreement. We find on average 2 car finance agreements per client, giving a potential claim value of £1400. See: https://www.fca.org.uk/consumers/car-finance-complaints

***All figures and information are based on the FCA's motor finance investigation, their review of a redress scheme, and the Supreme Court ruling.

**** Our online checker refers to the soft credit check completed online to identify potentially eligible finance agreements