Yes, you can still claim mis-selling on a car finance agreement in the UK even if you're currently experiencing financial difficulties. In fact, successfully claiming mis-selling could potentially alleviate your financial struggles:
Potential Benefits of Claiming:
However, there are some considerations:
Additional Resources:
Remember:
Recommendation:
Potential Benefits of Claiming:
- Reduced Financial Burden: As mentioned previously, a successful claim could lead to a refund of excess charges, lower future repayments, or even a significant debt reduction. This frees up more of your income and eases the financial strain caused by the mis-selling.
However, there are some considerations:
- Claim Complexity: Financial difficulty might make it harder to gather evidence or manage the claim process yourself. Consider seeking help from:
- Free Debt Management Advice: Charities like Citizens Advice or StepChange can offer support and potentially negotiate with your lender for temporary payment adjustments while you pursue your claim.
- Solicitor Specialised in Mis-Selling: A solicitor can guide you through the claim process and ensure you're taking the most effective steps based on your situation.
Additional Resources:
- Citizens Advice: Citizens Advice offers free debt management advice: https://www.citizensadvice.org.uk/
- StepChange: StepChange provides free, confidential debt advice: https://www.stepchange.org/
Remember:
- Reclaimingcarfinance.co.uk cannot provide legal advice.
- While mis-selling claims can offer financial relief, the success and the extent of that relief depend on the specifics of your claim.
Recommendation:
- Seek Professional Guidance: Consider talking to a debt management charity or a solicitor specialising in mis-selling claims. They can assess your situation and advise you on the best course of action.
