Mis-sold car finance?
Find historic agreements from 2007
100% No Win No Fee guarantee
Average claim £700 per agreement
Why use ReclaimNOW?
No-win, No-fee Claim
We operate on a no-win no-fee basis, so if your claim isn’t successful we won’t charge you a penny.
If your claim is successful, we’ll charge a percentage of the compensation awarded for our time.
We Manage Your Claim
We’ve partnered exclusively with Equifax to find all your historic finance agreements dating back 20 years.
All we need from you is a few personal details, and we’ll manage the whole claims process on your behalf.
Experienced Team
We’ve helped customers obtain compensation from consumer claims for over 5 years.
During that time we’ve settled nearly 20,000 claims and recovered around £34 million in payouts from lenders.
£700 Avg. Claim per Agreement
Motor finance customers could receive a payout of £700 per car finance agreement as part of an industry-wide compensation scheme.
The FCA predicts as much as £8.2 billion could be paid out to consumers.
General questions
Do I qualify for a claim?
How much can I claim?
What are your fees?
Can I claim myself?
What is the process?
We’ve made the process as simple as possible
Enquire online
We need a few small details from you to start the process.
Simply fill in your details in our short online form. It only takes two minutes to complete.
We’ll check for finance
We will review your details to see if you’re eligible to claim.
If you are, we’ll submit a claim with your lender. They’ll provide a response to your claim.
Sit back and relax
We manage the whole claims process on your behalf. All you have to do is fill in your details, and we’ll take if from there.
What is Mis-sold Car Finance?
In March 2019, the findings of an investigation by the Financial Conduct Authority (FCA) uncovered concerning evidence of widespread unclear and excessive car finance costs, affecting millions of UK drivers. It found that over 560,000 consumers were paying more than 50% more on their car finance than they should be.
Even more shocking is the discovery that the secret commission was charged on what is commonly represented to be the most cost-effective ways of buying a car.
Customers’ car finance had been mis-sold when entering into agreements for both new and used cars and commercial vehicles. This applied to all types of vehicle financing options such as personal contract purchase (PCP) and hire purchase (HP). Car buyers were collectively paying £300 million more a year than they should have been.