Oodle Car Finance Refunds
A recent Financial Conduct Authority (FCA) investigation discovered widespread evidence of mis-selling on all types of vehicle financing options. 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.”
Over 6,000 customers were given car finance refunds after the FCA found that the “lender didn’t sufficiently communicate what would happen if they defaulted on payments before taking out an agreement”.
The exact figure that each customer received is unknown, but an equal share of the pay-out is around £5,000 for each individual.
Oodle Car Finance's Representative APR 15%. In their latest numbers, The Financial Ombudsman upheld 63% of complaints against Oodle Financial Services Limited.
If you believe you have had a mis-sold or unaffordable loan from Oodle Car Finance then we can help you get compensation. Start your claim today!
For Hassle-Free Refunds
A claims specialist
can do all the hard work so you don't need to!
Making a claim is simple. With just a few details you can start your application.
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.
Can I Claim Against Oodle Car Finance?
Like all loans, your car finance was mis-sold if the loan was unaffordable or the lender did not perform proper affordable ability checks. In relation to the hidden commission, your car finance deal may have been mis-sold if:
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
The salesperson skipped through the car finance agreement Terms & Conditions
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
The payments were unaffordable or no finance credit checks were carried out
The salesperson did not make it clear who was financially responsible for the repairs to the vehicle?
The salesperson did not offer the best interest rate available to you?
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. If your car finance product was taken out over six years ago, you can still claim if you only became aware of the potential mis-sale within the last 3 years.
If any of the above statements describe your experience with Oodle Car Finance, you could be eligible to make a claim. Start your claim below for professionals to guide you through the process.