BBC Exposes £30 Billion Car Finance Scandal: Sentinel Legal
Manage episode 452064941 series 3609735
In this exclusive episode, Mike Arnall, Head of Operations at Sentinel Legal, joins BBC Radio Cambridgeshire to shed light on one of the largest financial scandals in UK history.
According to the Financial Conduct Authority, nearly 99% of car finance agreements made since 2007 may involve hidden or secret commissions.
Click here to make a car finance claim
This revelation means millions of drivers could be owed compensation, with the total redress potentially reaching an astounding £30 billion.
As a senior leader at Sentinel Legal—the UK’s largest litigator of motor finance claims—Mike explains how lenders and dealerships prioritised profits over transparency, often making more money from finance agreements than from the vehicles themselves.
If you purchased a car, van, or motorbike on PCP (Personal Contract Purchase) or hire purchase, this episode will help you determine if you’re eligible for compensation.
Even if you’ve lost paperwork or sold the vehicle, you can still begin the claims process with a few simple details.
This episode offers a deep dive into hidden commissions, the landmark court rulings, and the steps you need to take to reclaim what’s rightfully yours.
Whether you’re just learning about this issue or wondering how to start a claim, this is your ultimate guide.
Timestamps:
- 00:01 – Introduction: BBC uncovers a £30 billion car finance claims scandal.
- 01:15 – Who is affected by secret commissions and how to check if you qualify.
- 02:07 – How dealerships and lenders concealed hidden commissions from consumers.
- 03:06 – The incentives driving dealerships to sell finance agreements over cars.
- 05:05 – Step-by-step: How to start your claim and why it’s not too late.
- 06:33 – What to do if you’ve lost paperwork or no longer own the car.
- 07:41 – Final advice: The simple steps to start your car finance claim today.
With expert insight from Mike Arnall, this episode equips listeners with everything they need to know about car finance claims.
Learn how to navigate the complaint process, understand your rights, and claim your share of the £30 billion owed to consumers.
Don’t miss this essential guide to reclaiming your money!
How to make a car finance claim <<<<< Click Here
15 bölüm