PCP - DCA
Have you been mis-sold your car finance? The PCP-DCA claim type deals with car finance agreements given by certain lenders between 2007 and 2021. Find out if you are eligible for free today.
PCP - Fixed Commission
Was your motor finance agreement taken out after or during 2021? There is still a good chance that your claim is valid following the most recent FCA announcements. Find out if you are eligible for free today.
Welcome to Moneyback
As specialists in the Motor Finance claims sector, we provide a concise and professional service to our clients. Our foremost priority is ensuring our clients' claims are successful. We have many factors ensuring that our services are the most efficient and easy to use in the market
- Claims portal - our clients can check the progress of their claims in real time.
- Strong relationships with the lenders we bring your claims against.
- Transparency - we will update you on any announcements from the government that affect your ongoing claims.
- Moneyback's dedicated team - bringing your claim forward from start to finish.
Frequently asked
questions
If you have any further questions about us or the PCP claim type, we hope to answer them below.
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Why MoneyBack?With the PCP claims sector evolving constantly, many people looking to have their claims represented are left feeling unsatisfied and confused. At MoneyBack, seeing how many firms have consistently lacked transparency, we have built our services around friendly and open communication - which we value highly in legal landscapes which can often leave clients puzzled. Furthermore, we are dedicated to the success of your claim, leveraging our strong relationships with lenders to ensure that you get justice quickly and efficiently. Learn more about us here.
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What is our fee structure?As is standard in the industry, we operate a no-win-no-fee structure. This means that no charge is put on our services unless your claim is successful. Regarding the fees we take for a successful claim, the amount of compensation received is categorised into bands. The total value of the claim dictates how much we can receive as a fee. For example, if the compensation is between £1 and £1,500 - the FCA has dictated that firms must take the lowest between 30% of the claim's value or a fixed amount of £420. More information on this fee structure can be found directly on the FCA's website here.
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What is the difference between DCA and Fixed Commission Claims?There is much confusion regarding this topic. A DCA type claim regards any motor finance in the period between April 2007 and January 2021. In this period many of the largest finance providers in the UK were giving finance at inflated interest rates and were rewarded extra commission for this illegal activity. On the other hand, Fixed commission PCP claims relate to any agreement where the amount of commission was not tied to the interest rate as in DCA, but was not accurately or entirely disclosed to the customer. This practice has also been deemed illegal by the FCA.
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How do we identify your claims?To identify any potential claims, we utilise a soft credit check with our service provider Valid8. This allows us to quickly scan the most up to date information about your previous finance agreements and pick up the crucial factors which make up a PCP finance claim. The process does not affect your credit score.