Discretionary Commission Arrangements

I received the latest Money Saving Expert email yesterday which led on that car finance mis-selling investigation the FCA. I normally ignore all these class action-type things that pop up mainly because I am lazy and can’t be arsed, but on a whim I sent the templated information request letter to the financing company I had my old BMW with.

Less than 12 hours later I’ve already had a response for them saying it was associated with a DCA! Looks like a decent few quid may be due once the FCA unpause the investigation period they are currently into.

Worth checking out, if you’ve had car finance that meets the conditions. The specific kicker for this one is that your finance agreement will not make any any mention of this whatsoever - the only way you can know is by writing for them to check.

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