We explore the details involved in a Barclays claim.
Who are Barclay’s?
Barclays are one of the UK’s leading specialist providers of car finance. Barclay claims began to rise after cases of potentially inflated interest rates were discovered after the practice was banned.
History of Barclays?
The history of Barclays can be traced back to John Freame and Thomas Gould. Their business transformed into Barclays bank after they began their business in 1690.
How do we know Barclays Mis-Sold DCA’s?
Barclays was named by the Financial Ombudsman Service, as a financial lender who misused DCA’s for car finance agreements.
Examples of Mis-Selling?
Two test cases were flagged by the FCA probe, after which the Financial Ombudsman Service issued an order for Barclays to pay compensation for using discretionary commission agreements without their customers’ knowledge.
Have Barclays Prepared for Payouts?
Barclays has set no provisions aside for Barclays claims as of yet. They spoke on the matter, saying that the conclusion was ‘unknown, including any potential impact’.
Why Should you Check your Payments?
Customers would be aware of their monthly payments,however they were not made aware that the interest charged could include commission. Customers should be aware of the options available in claiming for potentially making a Barclays claim.
Mis-sold car loans or finance agreements can be overlooked. Therefore, you should always check if you qualify to make a claim.
Who are My Car Finance Claim?
My Car Finance Claim is a trading style with Barings Law, a law firm which proudly makes legal representation hassle-free and accessible for everyone. We take on clients on a no-win, no-fee basis. We will fight for your rights.
How to Claim?
Making a Barclays claim with My Car Finance is a simple 3 step process. With just a few details, you can begin an application today. Our team are here to do the rest. We will contact your lenders and obtain the relevant information to assess the validity of your claim.
Start your claim with us today and let our experienced team guide you the rest of the way.
Click the button below to begin!
