Important Notice – Update on Potential PCP & Motor Finance Claims
On the 30th March 2026, the Financial Conduct Authority (FCA) issued a further update on its proposed redress scheme for motor finance, including PCP agreements.
The FCA has refined the scope of the scheme, confirming that around 12.1 million agreements could be eligible, covering finance taken out between 6 April 2007 and 1 November 2024.
Average compensation is now expected to be £829 per agreement, depending on the individual circumstances. If you’ve had more than one agreement, you may be able to claim for each.
Claims are expected to centre around unfair or undisclosed commission structures, including:
• Discretionary Commission Arrangements (DCAs), where brokers could increase your interest rate to earn more commission.
• High or undisclosed commission models that impacted the total cost of your finance.
• Close lender–broker relationships that may have limited fair competition or influenced the deal you received.
Compensation may include a refund of commission plus interest where applicable.
The FCA has confirmed that complaints handling will resume from 31 May 2026, with payments expected to follow later in the year and into 2027.
If you’ve already submitted a complaint, no further action is needed at this stage. If not, you can still check your eligibility and submit a claim through the link on our website.
We remain committed to helping you recover what you may be owed. Simply, fairly and without hassle.
MIS-SOLD CAR FINANCE?
We support you throughout the claims process.
FCA REGULATED
Reclaim My Money Limited is an authorised Claims Management Company (FRN: 934965).
By making a claim with our company it does not resolve your complaint quicker. You can claim for free through your lender, the Financial Ombudsman Service, or the FCA's confirmed redress scheme.
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Reclaim Your Money
We use specialist knowledge and smart technology to uncover and pursue your claims.
Managed Process
Why You Might Have Unclaimed Money:
Undisclosed Commission
Did your lender or broker hide how much commission they earned from your deal?
Unfair Interest Rates
Did your interest rate change without warning or clear reason?
Pressured to Sign
Were you rushed or pressured into agreeing to a deal?
Unclear Fees
Were the fees confusing or not explained upfront?
How It Works
Our 3‑Step Process
We handle complex claims and support you through the process with clarity and care.
1
Enter a Few Details
Once you enter your details, we locate your historic car finance records.
2
Experts Take Over
We may refer your claim to a third party for processing.
3
We Negotiate and Send Your Offer
We negotiate the settlement directly with the lender and send the outcome to you for approval.
Click > Forget > Collect
No jargon, no hassle, no endless forms.
We’ll take it from here.
What Our Clients Say
I had a lovely phone converstion
I had a lovely phone conversation with a very polite young lady named steff McKenzie who was very clear and precise in explaining what was required of me and what the next procedure would be . Everything straight forward and simple.
Ian Graham
Steph answered all my questions and made the application process easy
Steph answered all my questions and made the application process easy now just waiting for the final results and iv been assured il be kept updated. Thank you.
Miss Danielle Cooper
Couldn't be happier with the service
Couldn’t be happier with the Service provided by ReclaimMyMoney. I was unaware I even had a claim but after filling out the simple form recommended by a friend I was told the amount I could receive. After that the rest was seamless. Highly recommend
sean gibbs
Although the process is taking a bit longer
Although the process is taking a bit longer than first thought ( out of there hands ) they have been keeping me up to date with what's going on and what to expect.
stuart
Good service
Phoned in to ask some questions, spoke to Daisy who was super friendly
joshua s
Quick and easy process with straight…
Quick and easy process with straight forward instructions and great communication skills.
hannah
Proper Company!
I know that this company is honest and professional top to bottom. Very trustworthy!
Russel James
Minimum effort
Minimum effort. Clear instruction. Great explanation. Step by step guidance while they stay on the line.
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Results that reflect what you’re truly owed.
Frequently Asked Questions
| What is this claim for?
| What happens after I submit a claim?
| What finance companies can you claim against?
| What’s the typical claim value?
| Is this like PPI?
| How do I give you the right information?
| Do I pay anything upfront?
| Will this affect my credit score or existing finance?
| Is my data safe?
| Do I need an insurance policy like with a law firm?
| How do I know if I was mis-sold?
| Can I still claim if I no longer have the car or have already finished paying it off?
| Can I claim if I already used another company?
| Is there a deadline to claim?
| Can I claim on behalf of someone who has passed away?
| Can I claim for more than one agreement?
| Can I claim for agreements before 2007?
| How much do you charge?
| Can I make the claim myself?
| How is compensation calculated?
| How long will it take?
| When will I know if I’m eligible?
| I’ve submitted the form what now?
| How will I be updated?
| I haven’t heard anything is that normal?
| What’s the current status of the FCA’s guidance?
| Can I cancel?
| Will I be charged if I cancel?
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Office Address
85 Gresham Street, London, EC2V 7NQ
Working Hours
Monday to Friday 09:00 to 17:00.
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Speak to one of our helpful experts to find out how you can start your claim on 020 3337 2888
