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Advantage Finance Claims & Refunds

If you have been mis-sold a car finance loan from Advantage Finance, we can help you complain and claim the refund that you deserve

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Advantage Finance Claims

A recent Financial Conduct Authority (FCA) investigation discovered widespread evidence of widespread mis sold car finance. As one car dealer openly admits in a recent article, “frankly, we were getting away with murder. We weren’t treating customers fairly and were, in effect, charging them to earn us money.” Some lenders have also been guilty of approving loans that were unaffordable, especially in the subprime market where Advantage Finance operates.

 

Advantage Finance's APR is typically 29.35%. As an example, if you take out a Hire Purchase Agreement repayable over 48 months. Vehicle Purchase Price: £7,500. Deposit: £0.00. Amount of Credit: £7,500. Acceptance Fee: £325.00. Interest Payable: £4,200.44. Option to Purchase Fee: £200.00. Total Charge For Credit: £4,725.44. 47 Monthly Repayments of £250.53 Followed By 1 Final Repayment of £450.53.

In their latest numbers, The Financial Ombudsman upheld 38% of complaints against Advantage Finance Ltd.

If you believe you have had a mis-sold or unaffordable loan from Advantage Finance then we can help you get compensation. Start your claim today!

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For Hassle-Free Refunds

A claims specialist
can do all the hard work so you don't need to!

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Simple Process

Making a claim is simple. With just a few details you can start your application.

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No Win, No Fee

You are only charged after the claim has been won and you have your refund!

You do not need to use a claims management company to make your complaint to your lender. If your complaint is not successful you can refer it to the Financial Ombudsman Service yourself for free.

Was My Advantage Finance Loan Mis-sold?

Like all loans, your car finance was mis-sold if the loan was unaffordable or the lender did not perform proper affordable ability checks. If any of the below statements describe your experience with Advantage Finance, you could also be eligible to claim compensation:

The payments were unaffordable or no finance credit checks were carried out

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The car salesperson did not fully explain they would receive a commission on the sale of the car

The lender/bank did not fully explain the commission

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The salesperson skipped through the car finance agreement Terms & Conditions

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The customer felt pressured into the finance deal and was not given a range of options including explaining all of the differences in each type of product

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The salesperson did not make it clear who was financially responsible for the repairs to the vehicle?

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The salesperson did not offer the best interest rate available to you?

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The salesperson did not present to you, with complete transparency, the interest rates charged for all loan options and how they may differ?

Don’t worry if you can’t find the agreement or remember who the lender or dealership was. You just need the name of the company you made the payments to. You should be able to find this information on your old bank statements.

If you think you have a claim, you need to act quickly as there are statutory deadlines, known as limitation periods, that apply to mis-selling claims. Start your claim below for professionals to guide you through the process.

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Our Systems Maximises Compensation

After a quick form, our technology identifies if you have claims with other lenders so you get the maximum compensation

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Your complaint is handled by professionals

Your claim will be handled by an experienced team, who will complain to your lender on your behalf.

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Reclaimed funds to be Transferred

After a claim is successful, the redress money is transferred straight to you.

FAQs

 

Why Use The Claims Guide For My Claim?

Help Maximising Claims - We will go through your previous borrowing and help you claim from an extensive list of lenders. Other claims companies will more likely turn you away if you are not claiming against one of their few approved lenders.

Low Fees - Our rates are also competitive and lower than many other claims management companies. You pay nothing upfront and we work on a no win no fee basis. A breakdown of our fee structure can be seen here.

We Make It Easy - Claiming a refund can be a daunting task. We make it easy and ensure everything you need is included so you don't have to spend much time on it.

Professional - Each claim is different and specific circumstances that are relevant to the claim should be explained by a professional. The Financial Ombudsman has previously been unable to progress some complaints that involved a “template” or “standard letter”.

How Much Will I Receive If My Claim Is Successful?

If you successfully claim a refund from a lender, you can claim back the interest and charges on your loans, plus, typically, 8% statutory interest. For more information on how this is calculated click here.

What Information Do I Need to Provide?
You just need to provide the name of your lender and your personal details including the address that you lived at when registering with them. Once you have given these we can obtain details of any loans where a refund may be due.

How much will I be charged?

Claiming through us always works on a no win no fee basis, meaning you won't pay a thing unless you win compensation. You will have the right to cancel the agreement within 14 days with no penalty. If you cancel after 14 days you may be charged for work done up until the time of cancellation. We use multiple partners to ensure we are able to offer claims against all lenders, from whom we receive payments. The exact fee structure will depend on which lender you are claiming against, as this decides which of our partners is most suitable for your claim. A breakdown of our fee structure can be seen here. The fees for Diesel Emissions Claims are calculated differently due to it being a group action lawsuit.

How Do I Submit My Claim?

Simply complete our online application form by clicking on the "Get Started" button. This is the first stage of your complaint to the payday lender where you could receive compensation. For more information on the process please click here.