27/10/2022
The Pitfalls of P*P finance
1. The seller does not disclose their commission and the charge is added to the monthly payments. The estimated cost of this behaviour is £300 million annually in the UK.
2. High Interest rates with these agreements again mean that customers in the UK could be paying up to 50% more interest than needed.
3. Many P*P companies seem to be operating without regulation. Many retailers have been operating without supervision of FCA regulators, which is not only negligent but also illegal, putting the consumer in a dangerous and expensive position.
👉 These pitfalls mean that consumers are eligible for compensation due to the mis-selling of their P*P car finance deal.
👉 Our advisors can help you to look at your claim and check if you are eligible for compensation.
👉 Contact us today to find out how much you could be owed!
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