Thousands of UK drivers are now discovering they may have been mis-sold PCP finance agreements without realising it. Just like the PPI scandal, many car buyers were unknowingly charged hidden commissions uld
Close Brothers has set aside £165 million in response to the ongoing car loan commission scandal, which has sparked industry-wide scrutiny. The financial firm is preparing for potential customer redress as regulators investigate alleged mis-selling practices. This move highlights growing concerns over hidden commission structures in car finance deals and their impact on borrowers.
Many buyers who took out car finance deals may soon find themselves with an extended opportunity to seek compensation following a significant court ruling that has rendered certain dealership commission practices
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Car finance claims are rapidly becoming one of the UK’s most significant financial issues, with increasing numbers of consumers uncovering hidden commissions and unfair agreements.
