Claiming Compensation for a Mis-Sold Car Loan
A review by the FCA has found that Dealerships and the way they arrange finance agreements for their customers, have been causing a great deal of consumer harm. When offering finance agreements, dealerships should have offered you a range of options to find the ‘right one’ for you. It is clear that this was not always the case, resulting in customers paying more than they should.
We help our customers in cases where the charge for credit was not explained or they have been charged very high interest rates and could have ended up paying less through a more suitable option. We also help our customers obtain compensation for the non-disclosure of commission received by the Dealership, something they were obligated to inform customers.
What is the Process?
Allow us to talk to the Dealership on your behalf
We will assess on what claim type you are entitled to
Our Legal Partner will engage the Dealership and/or finance underwriter to recover any money due
We will do this across all your current and previous car finance agreements, whether it’s 1 or 10
Important Update: FCA Redress Pause
Following recent guidance from the Financial Conduct Authority (FCA), there is currently a temporary pause on certain redress payments and claims processing until the 4th December 2025. This pause is in place to ensure that all claims are handled in accordance with the latest regulatory requirements. For more information, please visit the FCA website. This does not stop you from starting your claim today.
Do I Qualify?
If you answer ‘No’ to any of the below, we may be able to help you claim compensation:
Were the different options of ‘purchasing’ a vehicle offered?
Did the salesperson fully explain the finance deal?
Did the finance end up becoming unaffordable?
Did you encounter any problems when handing the vehicle back
Was the Dealership or Finance Provider transparent about the commissions being paid?
At Blue Panda Finance we simply offer a completely free, no obligation assessment on all your past and present car finance agreements. If your case is a type where a member of our Panel Firms can help you claim back compensation, we will give you the choice to proceed with them. The current range of fees is between 15%+VAT and 30%+VAT on successful claims. Should you choose to proceed, they will pay us a fee for our initial assessment work and introduction which will not affect your compensation payout in any way.
The full range of fees can be found here. Please note that should you cancel after the 14-day cooling off period, cancellations fees may be payable to the Panel Firm, but if you stay with them until the end of the claims process and your claim is unsuccessful, you will be covered by the No-Win, No-Fee guarantee.
It’s easy to apply, just call 0161 914 5620, or CLICK BELOW to complete the online form and one of our friendly advisors will contact you to assist you with your potential claim.