The Financial Conduct Authority (FCA) banned DCAs in January 2021 to ensure fairer pricing for consumers by removing the incentive for brokers to inflate interest rates. Following the ban, a surge in customer complaints about pre-2021 DCAs prompted the FCA to launch a...
Discretionary commission arrangements (DCAs) are agreements in the motor finance industry, primarily used before January 2021, where lenders allowed credit brokers (e.g., car dealers) to set or adjust the interest rate on a customer’s finance agreement. The broker’s...
Step 1: Check if you’re affected Ask yourself: Did you take out car finance (like PCP or HP) before January 28, 2021? Was it through a car dealership or broker, not directly with a bank? Do you remember being offered a finance deal without full explanation of how...
FCA Fee Caps (with VAT) — Your Fee Includes VAT Redress Award CMC Fee (Max %) Max Fee Before VAT Max VAT (20%) Total CMC Fee with VAT Our Fee Flat £29.99 Up to £1,499 30% £420 £84 £504 £29.99 £1,500 to £9,999 28% £2,500 £500 £3,000 £29.99 £10,000 to £24,999 25%...
1️⃣ What is a Diesel Emissions Claim? Many car manufacturers, including Volkswagen, Audi, Mercedes, BMW, and others, were found to have installed defeat devices in their diesel vehicles to cheat emissions tests. This meant their cars emitted more harmful nitrogen...
Lets Talk Claims is committed to exposing the truth behind the DCA Car Commissions Scandal, one of the most significant financial investigations currently unfolding in the UK automotive sector. We specialize in providing clear, accurate, and up-to-date information...
