You could be owed up to £4,000*
in Motor Finance Compensation
You could be owed up to £4,000* in Motor Finance Compensation
If you used PCP or Hire Purchase from 2007 to 2021, you may have paid hidden commissions. Start your 60-second claim today!
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No Paper work
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Submit in less than 60 seconds
Reclaim My Money Ltd is a claims management company trading as claimsmart.uk authorised by the FCA (FRN934965). We charge a fee of 18–36% (inc. VAT) of your compensation. Using our service does not guarantee a faster or better outcome. You can claim directly through your finance provider or the Financial Ombudsman Service for free.

No Win, No Fee Guarantee*
We operate on a no win, no fee basis. If we don't win, you pay nothing.
(We will charge you a fee based on a sliding scale from 18%-36% (inclusive of VAT) off your compensation. We will charge a termination fee if you cancel your agreement with us after the cancellation period, please read our Terms and conditions for more information.)

Average Refunds up to £4,000*
Clients recover an average of up to £4,000. You could be entitled to a refund too.

Mis-sold Interest Rates
Paying too much due to misleading rates? We'll help you get it back.
How Do You Know If Your PCP Was Mis-Sold?
If any of the following statements apply to you, you may be entitled to thousands of pounds in compensation from a PCP claim:
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The finance company did not inform you about any sales commissions.
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The finance company disclosed that they received a commission but did not specify the amount.
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You paid a high interest rate on your PCP finance.
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You purchased a car through a PCP deal within 2007-2021.

However, unlike a normal personal loan, you won’t be paying off the full value of the car and you won’t necessarily own it at the end of the dea, unless you choose to pay the final balloon payment.
PCP is one of the more complex financial products available to help you buy a car, but it can be broken down into three main parts: the deposit, the amount you borrow and the balloon payment.
This will also help avoid requests for further information which can delay a decision being made.
However, there have been cases in which claims have been made against cases of mis-selling over 20 years ago, often without paperwork.
This is only partly true. In fact, the main product that is being sold is a financial product which is a loan.
The car is a red herring that has deflected the public eye away from this sector of credit broking meaning it has not been under as much scrutiny as, say, mortgages.
The concept of PCP itself is also relatively new.
You will pay this amount off during the deal, plus interest.
So, you are not paying off the full value of the car. Typical annual percentage rates (APRs) start from around 4%.
To read more information on the facts referenced on our website you can go to this article on the FCA’s website https://www.fca.org.uk/consumers/car-finance-complaints
Reclaim My Money Limited is authorised and regulated by the Financial Conduct Authority in respect of regulated Claims Management Activity FRN: 934965. Registered under the Data Protection Act 2018, Reference ZB630486. Reclaim My Money Limited is registered in England and Wales company number 12838621. 85 Gresham Street, London, EC2V 7NQ
*the £4,000 figure is based on each claimant having 2 car finance agreements between 2007-2021.
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