Does my business qualify?
Covid19 has affected every business in many different ways. There is not a “set in stone” scenario that either rules a business in or out. The only way to find out if your business qualifies is to have your Business Insurance Policies reviewed.
What supporting documentation do you require?
In all cases we will require a copy of the business’s Business Insurance Policy wording and schedules for 2019/2020 and 2020/2021.
Should I contact my insurer / broker
If you do not have the policies available then you should contact the insurer / broker to obtain these. However, they may attempt to offer a settlement figure that is not reflective of the amount your business could be entitled to. We strongly advise obtaining the business insurance documents only and letting our legal partner obtain the highest refund / payout possible. In other instances the insurer may well reject a valid claim.
Why use Business Refunds?
Using our knowledge and available expertise of this area, we can assist you in checking the eligibility of a claim.
My business was not asked to close by the government, but we closed anyway. Can I still make a claim?
Yes, these are very unusual circumstances. If you decided to close your business to customers due to a fear of the pandemic, that would be seen as a reasonable reason to claim.
Furthermore, it would be difficult for some businesses to stay open and implement social distancing measures. So, if you closed your business to protect your staff and customers, then you may have a valid claim.
Can I claim on my business insurance as well as receive a government coronavirus grant?
Yes, as the government grants are immediate help for businesses, and the government is aware that business owners will also be making claims against their insurance policies.
What can I claim for?
There are numerous areas that you can make a claim for, including:
Actual and/or forecast loss of revenue
I think my claim was unfairly denied – can you help me bring legal action against my insurers?
Yes – If you tried to claim yourself and were denied, you may still have a solid case. If your policy has a valid business interruption clause, then we can introduce you to a law firm that will give you the option of bringing action against your insurer on a No Win, No Fee basis. The insurer might reconsider and pay out, or it can proceed to court, where a judge will decide. For this service, they may take up to 25% plus VAT of what your insurance company pays out, but this may vary.
My business is not very big – can you still help me to make a claim?
Yes, the size of your business doesn’t matter, only the wording of your policy does.
How much will I be awarded?
This depends on the individual circumstances of your business and your insurer.
Do you work on a No Win, No Fee basis?
We do not charge a fee for any of our work. If we do not believe you qualify for a refund / payout then there are no fees to pay. If the Law Firm we introduce you to are successful then their fees are applicable.
I’m ready to make my claim – how do I start the process?
It’s a very simple process. Complete the free eligibility check and we can begin the process for you.
Were you mis sold car finance?
Commissions
Were you not made aware of amount of commissions paid to dealer from finance company?
How to start a car finance claim
Start your FREE* check in less than 60 seconds. Fill out the form above and get started.
Under Pressure?
Did you feel under pressure from the dealer to sign and not given enough time to assess the deal offered?
Lack of Information
Were the commissions interest charges, final payments, term of the agreement or type of agreement not fully explained or did you feel confused?
Financial Options
Not offered a comprehensive range of other financial products
Mileage
Did the dealer use low milage for your agreement when it was clear you did more? eg. 8k per year when dealer knows you do more, so excess mileage charges would be applied.
Affordability
Were you not in a position to make payments throughout the term of agreement?
A review by the Financial Conduct Authority (FCA) found that commission was paid to dealerships on 95% of car finance agreements.
Mis-selling happens when the car salesperson failed to give you all of the information about your agreement…
We will obtain a copy of your finance agreement and carry out a review to see if you can make a claim for compensation.
If you qualify and you want to make a claim, we will handle your claim on a no win no fee basis so you will only pay our fee on a successful claim. If we refer your claim to one of our panel law firms, we will receive a payment from the firm for doing so.
Find out if you are due compensation for mis-sold car finance
You could claim compensation
We could help recover the financial losses your business has suffered as a result of the Covid pandemic
We use forensic auditing and analysis of your Business Insurance policy to assess if you are due a refund payout for the losses
We could help recover the financial losses your business has suffered as a result of the Covid pandemic
Find out how much your business could be owed
Has your business lost money because of covid?
Free no-obligation claim check*
Free no-obligation claim check*
Free
Case Assessment
We understand how difficult a serious injury can be for yourself & your family. Our serious injury solicitors are here to advise & support you.
✔ No Win - No Fee
✔ Free, Impartial Compensation Advice
✔ We can help with all types of serious injuries
Bought a car on finance
between 2008 & 2020?
It is estimated that over 10 Million people in the UK have been mis-sold Car Finance!
The FCA found that some motor dealers are overcharging unsuspecting customers over a thousand pounds in interest charges
You may be able to claim compensation due to hiden feeds
It is estimated that over 10 Million people in the UK have been Mis Sold Car Finance!
The FCA found that some motor dealers are overcharging unsuspecting customers over a thousand pounds in interest charges
Bought a car on finance? Between 2008 & 2020?
It is estimated that over 10 Million people in the UK have been Mis Sold Car Finance!
Thousands of PCP agreement holders are claiming compensation due to being mis-sold on their car finance
The FCA found that some motor dealers are overcharging unsuspecting customers over a thousand pounds in interest charges
Thousands of PCP agreement holders are claiming compensation due to being mis-sold on their car finance
Questions & Answers
Warning signs of potential car finance mis-selling include:
• The car salesperson told you their finance was the ‘best option’ rather than encouraging you to shop around or giving you a range of alternative options.
• The salesperson did not give you information about any commission that they were getting from the finance company for you signing up to the agreement.
• You were not told exactly how much commission they would get from the finance company.
As a result, you may be able to make a claim for compensation.
A recent Financial Conduct Authority (FCA) investigation discovered widespread evidence of mis-selling on Personal Contract Purchase (PCP) and Hire Purchase (HP) agreements.
How Do I Know If I Have Been Mis-Sold Car Finance?
How long will a claim take?
This can vary from 6 months to 9 months depending on how quickly we obtain the information which is required. Some complex cases may take longer.
What will a PCP check cost me?
It will cost you nothing to make an enquiry and once our team has reviewed your potential case and if we feel it suitable, then we will refer you to one of our partners. Our check is completely free with no strings attached.
MG Financial Limited is registered in England, Company Registration Number 6547196. The registered office address for MG Financial Limited is 31d, Burscough Street, Ormskirk, England, L39 2EG, Telephone 0800 633 5896.
MG Financial Limited is a Claims Management Company. MG Financial Limited is authorised and regulated by the Financial Conduct Authority (FRN: 832131) You can make a claim yourself for free directly to your lender, and if rejected, you can take your claim to the Financial Ombudsman Service.
MG Financial Limited is registered with the Information Commissioner’s Office under registration number Z1711964
*Your car finance check is free but if you wish to pursue a claim for compensation, we will handle this on a no win no fee basis and will charge a fee in line with our terms and conditions below and which is only payable on a successful claim. If we refer your claim to one of our panel law firms, we will receive a fee from the firm for doing so.
MG Financial Limited is registered in England, Company Registration Number 6547196. The registered office address for MG Financial Limited is 31d, Burscough Street, Ormskirk, England, L39 2EG, Telephone 0800 633 5896.
MG Financial Limited is a Claims Management Company. MG Financial Limited is authorised and regulated by the Financial Conduct Authority (FRN: 832131) You can make a claim yourself for free directly to your lender, and if rejected, you can take your claim to the Financial Ombudsman Service.
MG Financial Limited is registered with the Information Commissioner’s Office under registration number Z1711964
*Your car finance check is free but if you wish to pursue a claim for compensation, we will handle this on a no win no fee basis and will charge a fee in line with our terms and conditions below and which is only payable on a successful claim. If we refer your claim to one of our panel law firms, we will receive a fee from the firm for doing so.
Consumer Claim Back is a trading style of MG Financial Limited which is a Claims Management Company. MG Financial Limited is authorised and regulated by the Financial Conduct Authority (FRN: 832131) You can make a claim yourself for free directly to your lender, and if rejected, you can take your claim to the Financial Ombudsman Service.
If the lender paid a Discretionary Commission Arrangement for your agreement, the complaint will be paused until 4th December 2025, whist they examine the issue of car finance sales that involved discretionary commission. This is to ensure that if a consumer is entitled to compensation, they get it in the best way possible. You may still lodge a complaint with your finance provider, but you will not receive a response until after the FCA has completed its review. To find out more, visit: https://www.fca.org.uk/