247 Car Finance Claims
Check your car finance claim eligibility in as little as 60 seconds. On average we find 2 car finance agreements per client, giving a potential claim value of £1658**
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Average of £829** per agreement
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You can claim without using a claims management company, to your finance provider and then to Financial Ombudsman Service (FOS), for free. The FCA has introduced a free consumer redress scheme.
**The FCA currently estimates that most individuals will potentially receive an average of £829 in compensation per agreement. We find on average 2 car finance agreements per client, giving a potential claim value of £1,658. See: https://www.fca.org.uk/news/statements/fca-confirms-motor-finance-redress-scheme
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Could your 247 Car Finance have been mis-sold?
Some agreements included commission setups that weren't always made clear at the time. If you had a PCP or HP agreement between April 2007 and November 2024, you may have been affected by one of the following:
Discretionary Commission Arrangements (DCAs)
The interest rate could be increased, and that increase could boost dealer commissions.
Unfairly High Commission Charges
The commission paid may have been disproportionate to the finance agreement.
Contractually Tied Arrangements
The broker may have been tied to one lender, rather than comparing options fairly.
247 Car Finance Claims: Mis-Sold PCP & HP Compensation
Reviewed by Mis-Sold Expert | Last reviewed: [07/07/2026]
247 Car Finance operates as a broker, connecting customers, often those with limited or poor credit history, to a panel of specialist car finance lenders rather than lending itself directly. If you arranged car finance through 247 Car Finance, the agreement itself will be with whichever lender on their panel you were placed with, but the broker's role in that placement is central to how a claim is assessed.
Is 247 Car Finance under review for mis-sold car finance?
247 Car Finance sits within the wider FCA review into discretionary commission arrangements across the motor finance broker market. Because brokers earn commission for placing customers with a particular lender, the question in most 247 Car Finance claims is whether that commission influenced which lender or interest rate you were offered, and whether this was made clear to you before you signed.
Signs your 247 Car Finance agreement may have been mis-sold
- You weren't told that 247 Car Finance would receive a commission for placing you with a lender
- You weren't shown more than one lender option, or told why a particular lender was recommended
- The interest rate seemed high relative to your credit profile, without a clear explanation
- You felt the broker was working to secure the deal quickly rather than find the best fit for your circumstances
- Affordability wasn't properly discussed given your income and existing commitments
How much compensation could I get from a 247 Car Finance claim?
If your complaint is upheld, compensation typically aims to put you back in the position you'd have been in had the commission arrangement not affected your rate, commonly a refund of overpaid interest plus statutory interest. The exact amount depends on your specific agreement and the panel lender involved, so it varies case by case rather than following a fixed figure.
Previous credit issues don't rule out a claim — see our car finance claims page for guidance on how broker-arranged agreements are assessed.
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FAQs about 247 Car Finance claims
The answers you need about the claims process, fees, and more.
247 Car Finance operates as a broker, introducing customers to lenders on its panel rather than lending directly. This means claims often focus on the broker's commission arrangement rather than the lender's own underwriting.
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