British boxer Tyson Fury has partnered with claims management company My Claims Group to raise awareness and help drivers claim compensation for mis-sold car finance.
This made the finance arrangement more expensive for the driver.
1
The practice was eventually banned after 2021, but a legal case has ensued to award affected drivers compensation.
A ruling is expected from the Supreme Court later this month, and the Financial Conduct Authority (FCA), the industry watchdog, has already made plans for a redress scheme.
The Lloyds Banking group, which owns brands like Halifax and Black Horse, has already set aside money it expects to owe in compensation – and other lenders have followed suit.
My Claims Group believes those affected could be owed up to £4,000** in compensation for mis-sold car finance agreements.
So far, millions of drivers have signed up with the firm to help manage their case.
Why use My Claim Group
My Claim Group is one of the largest HP/PCP claims companies in the UK authorised and regulated by the Financial Conduct Authority.
Some benefits of working with My Claim Group include:
No win, no fee*** – My claim Group's panel of solicitors operate on a No Win No fee basis. If they do not win, you do not pay anything. Clients have a 14 day "Cooling-Off" period during which time they may cancel at any time without charge. Successful claims made through any of My Claim Group's panels are subject to a Success Fee. Fee's range from 18% to a maximum of 36% inclusive of VAT dependant of level of redress
Simple claim process - My Claim Group's claim process is relatively simple and user-friendly. If claimants do not have the necessary information for a claim, then the My Claim Group's team will also gather these details together on their behalf, including requesting and processing documentation from car dealers.
Who is Tyson Fury?
Fury, also known as "The Gypsy King" fights in the heavyweight division.
He is a two-time world heavyweight champion, holding the unified WBA, IBF, WBO, and IBO titles in 2015 after defeating Wladimir Klitschko, and later the WBC heavyweight title from 2020, which he won by defeating Deontay Wilder.
Earlier this month, he became an ambassador for My Claims Group and has urged drivers to check if they are eligible for compensation.
Claims can be made without professional representation
There is no need for a claim to be referred to a CMC or legal representation. They can do this themselves for free either to their lender and then onto the financial ombudsmen service. However, working with a company like My Claim Group will allow you access to expert support and experience of their team. Also if you don't know your vehicle finance information they can find it for you.
If you think you might have a claim in relation to your car finance, then don't miss out on the compensation you could be entitled to.
My Claim Group is a trading name of the Claims Protection Agency Ltd, authorised and regulated by the Financial Conduct Authority (FCA No. 836470).
*My Claim Group will undertake a free check at no cost to you on your behalf to assess if you may have a vehicle finance claim.
**See link for the FCA reference, solicitor fee tables & average valuations: https://myclaimgroup.co.uk/dca
*** If you proceed, our panel solicitors work on a no win, no fee basis (subject to exclusions, for full details click on: https://myclaimgroup.co.uk/no-win-no-fee). Solicitor fees are up to 36% inc VAT. We receive a fee after a successful payout or a referral fee from your solicitor and this does not affect the compensation you will receive. You do not need to use a claims management company to make a claim; you can do this yourself for free by contacting the car dealership or finance provider and if that is not successful you can complain to the Financial Ombudsman Service.
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