PPI lawyers ready to react to FCA’s verdict on PCP car finance
Lawyers who led large-scale PPI mis-selling claims are poised to turn their attention on PCPs following the conclusion of the Financial Conduct Authority’s (FCA) investigation into car finance, it has been claimed. Car finance expert and ex-NACFB director Graham Hill believes that thousands of car dealership customers do have grounds to explore the possibility that they were mis-sold PCPs. And as the deadline for claiming compensation on mis-sold Payment Protection Insurance
Franchised dealers defend PCP car finance deals from media attacks
PCPs (personal contract purchases) and consumer car finance in general have come under attack in recent months as the national press responded to measures taken by the Financial Conduct Authority (FCA) and Bank of England. Many dealers are convinced that headlines such as ‘Are cheap car loans the vehicle taking us to the next financial crash? (theguardian.com, June 10); ‘Reckless car loan salesmen exposed (The Daily Mail, July 3) or ‘Warning signs emerge in the UK car loan ma
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