Our Experience: In the past 10 years, we've guided many clients through financial mis-selling claims.
Understanding PCP Claims: A PCP claim occurs when you agree to monthly payments to buy an expensive item, typically a car, usually ending with a large final payment (balloon payment). These claims can arise when clients aren't properly informed at the start and end up worse off or owing unexpected commissions.
Act Quickly: If you have a PCP claim, contact us urgently. A crucial test case (Johnson v Firstrand Bank Ltd t/a Motonovo Finance) on April 1, 2025, will affect whether claims can proceed. By giving consent to provide your file, we can update you on decisions and how to act promptly.
Your Consent: We need you to sign the consent forms that you have been provided with to be able to review your file. Once received, our team will examine your case and guide you on the next steps.
In October 2024, the Court of Appeal ruled in favor of consumers in three key cases:
The court determined that motor dealers acting as credit brokers owe their customers both a disinterested duty and a fiduciary duty. This means that when providing information, advice, or recommendations, they must:
The Supreme Court's ruling will have a significant impact on claims related to undisclosed commissions, particularly in motor finance cases. If the appeal is unsuccessful, affected consumers could be entitled to substantial compensation.
We are closely monitoring the case and will provide updates as soon as a decision is reached.