Simple PCP Claims

Simple PCP Claims
	Simple PCP Claims.png
Type	Private Company
ISIN	🆔
Industry	Business Consulting
Founded 📆
Founder 👔
Areas served 🗺️	United Kingdom
Members
Number of employees	1-10
🌐 Website	simplepcpclaims.co.uk
📇 Address	Victoria Street, Derby
📞 telephone
	;

Simple PCP Claims is a UK-based claims management company specializing in helping consumers recover compensation for mis-sold Personal Contract Purchase (PCP) and Hire Purchase (HP) car finance agreements. The company assists individuals who were unknowingly subjected to unfair lending practices, such as hidden commissions, inflated interest rates, or insufficient affordability checks, primarily in agreements arranged between 2007 and 2021.

Overview

Many claims arise from undisclosed broker commissions, where dealers increased interest rates to boost their earnings without the borrower’s knowledge. Other issues include misleading contract terms, failure to explain balloon payments, and inadequate affordability assessments. The Financial Conduct Authority (FCA) has since banned discretionary commission models, but thousands of consumers may still be owed refunds for past agreements.

Services

The company provides a streamlined process for checking eligibility and submitting claims. Clients begin with a free two-minute online assessment, after which Simple PCP Claims evaluates whether their finance agreement contained irregularities. If a claim is viable, the firm handles negotiations with lenders and, if necessary, escalates cases to the Financial Ombudsman Service (FOS). Their no-win, no-fee structure ensures clients only pay upon a successful claim.

Procedure

Clients first complete a brief questionnaire about their financial agreement. If the case has merit, Simple PCP Claims gathers necessary documentation and submits a complaint to the lender. If rejected, they may escalate the claim to the FOS. Successful claims typically result in refunds of £1,000–£5,000, with some exceeding higher amounts depending on overpaid interest and commission structures.

Regulation

The FCA launched a widespread investigation into motor finance mis-selling in 2024, following court rulings that deemed hidden commissions unlawful. A pending Supreme Court decision could further impact whether lenders must automatically refund affected customers. Simple PCP Claims stays updated on regulatory changes, ensuring clients receive informed guidance throughout their claims process.

Specialty

Unlike self-submitted claims, the company offers expert assistance in navigating complex financial disputes. Their no-win, no-fee model removes financial risk, and their experience with major lenders, such as Black Horse, BMW Finance, and Moneybarn, increases the likelihood of success. For those unsure if they were mis-sold, the free initial check provides clarity without obligation.

Reliability

For UK drivers who suspect they were unfairly charged under PCP or HP agreements, Simple PCP Claims offers a straightforward way to seek compensation. With rising awareness of historic lending malpractices, the company helps consumers reclaim money that rightfully belongs to them, ensuring financial fairness in an industry that once lacked transparency.

External links