PCP & Car Finance Claims
FCA redress scheme confirmed, currently under legal review
Pros
- Confirmed eligible population is large (FCA, March 2026)
- No cost to check eligibility
Cons
- FCA redress scheme currently suspended pending Upper Tribunal challenges (July 2026)
- Typical redress estimated under £950 per agreement, not a guaranteed windfall
About PCP & Car Finance Claims
Following the August 2025 Supreme Court ruling, the FCA confirmed in March 2026 that around 12.1 million car finance agreements (2007–2024) may be eligible for redress under the “unfair relationship” test. As of July 2026 the scheme is partially suspended while the Upper Tribunal considers legal challenges — it’s genuinely live, but not yet a guaranteed quick payout.
How this works
Check
See if pcp & car finance claims applies to your situation
Request a callback
Leave your details below — no obligation
Get advice
A partner solicitor or adviser talks you through your options
Frequently asked questions
Is the FCA redress scheme actually paying out right now?
As of July 2026 it’s partially suspended while the Upper Tribunal considers legal challenges — eligibility can still be checked now, but payouts are on hold pending that outcome.
Do I have to pay anything upfront?
Most categories above offer a free or fixed-fee initial consultation — you’ll always know the cost basis before committing to anything further.
Will you charge me directly for my claim?
No — Budget Legal Advice is a marketing referral service. We connect you with FCA-authorised claims management companies or SRA-regulated solicitors who handle the claim itself.
What happens after I request a callback?
A partner solicitor or adviser reviews your situation and explains your options directly — there’s no obligation to proceed.
Check your eligibility for pcp & car finance claims
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Request a callback
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