Barclays
Barclays has set aside significant funds to cover compensation claims. As of February 2025, the bank allocated £90 million for potential payouts related to car finance mis-selling.
BACKGROUND
In December 2024, the High Court upheld a Financial Ombudsman Service (FOS) decision requiring Barclays to compensate a customer for undisclosed commissions on a car loan. The court found that Barclays' use of DCAs created an unfair relationship under the Consumer Credit Act 1974, as the broker had the discretion to set interest rates, leading to higher costs for the customer without proper disclosure.
WHAT WE COVER
We specialise in reclaiming funds from car finance agreements that may include:
HIDDEN CHARGES
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EXCESSIVE INTEREST RATES
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Mis-sold agreements
Our streamlined process ensures that our clients can reclaim their money quickly and hassle-free.
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