Blackhorse
Lloyds Banking Group
In anticipation of potential liabilities arising from these practices, Lloyds Banking Group has set aside £1.2 billion to cover compensation claims related to car finance mis-selling through its Black Horse division.
BACKGROUND
Black Horse Finance, a subsidiary of Lloyds Banking Group, has been significantly implicated in the UK's car finance mis-selling scandal. The controversy centers around discretionary commission arrangements (DCAs), where brokers could set higher interest rates on car loans, resulting in increased commissions for themselves, often without adequately informing customers.
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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