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Fees
carfinanceclaim.co.uk is a trading style of RFLCS Ltd, authorised and regulated by the Financial Conduct Authority (FRN 978092).
Car Finance Claims
CarFinanceClaim.co.uk does not charge you for using our service and acts solely as an introducer.
If you choose to proceed with a claim, you will enter into a separate agreement with Consultation Claims Ltd, a Claims Management Company authorised and regulated by the Financial Conduct Authority in respect of regulated claims management activities (FRN 836626), who will handle your claim.
There are no upfront costs to you. A fee will only be payable if your claim is successful. Fees are charged in bands depending on the amount of redress or refund received. All fees quoted are exclusive of VAT, which will be added at the prevailing rate.
Band | Redress or Refund Received | Percentage Fee | Maximum Fee |
A | £1 – £1,499 | 30% | £420 |
B | £1,500 – £9,999 | 28% | £2,500 |
C | £10,000 – £24,999 | 25% | £5,000 |
D | £25,000 – £49,999 | 20% | £7,500 |
E | £50,000+ | 15% | £10,000 |
These fees are in line with FCA guidelines on compensation refunds up to £49,999.
Cancelling
As CarFinanceClaim.co.uk acts solely as an introducer, we do not enter into a claims management contract with you and therefore no fee is payable to us.
If you choose to proceed with Consultation Claims Ltd, you will enter into a separate agreement with them. You will have a 14-day cooling-off period in accordance with consumer law, as set out in their Terms of Business.
If you cancel after the 14-day cooling-off period has expired, any applicable fees or charges will be governed by Consultation Claims Ltd’s Terms of Business.
You don't have to use a claims management company. You can complain to your lender, and then to the Financial Ombudsman Service, for free.