Whatever it is you want to tell us about, we'll make the complaints process simple and easy for you to talk to us.
On 11 January 2024, the Financial Conduct Authority (FCA) announced that it will use its powers to review historical motor finance discretionary commission arrangements across the motor finance industry.
The FCA confirmed a pause of 37 weeks will apply for motor finance firms to provide a final response to relevant customer complaints. The pause will apply to complaints about regulated credit agreements for motor finance taken out before 28 January 2021 and introduced to a lender by a broker (including car dealers) and where the broker had a discretion over the interest rate payable by the consumer in those agreements.
Consumers will also have up to 15 months to refer those types of complaints to the Financial Ombudsman, rather than the usual 6 months.
If you wish to make a complaint, please follow our general complaints process outlined above.
For more information please visit the FCA Website .
It's our aim to resolve all complaints internally. But if you're not satisfied with our suggested resolution, or if eight weeks have passed since you first brought your complaint to our attention, you may be able to refer it to the Financial Ombudsman Service. In order for them to look into your complaint, you must contact them within six months of the date of any final response we've issued.
Complaints relating to a finance agreement regulated by the Consumer Credit Act (CCA) or to a contract of general insurance may have a right of referral to the Financial Ombudsman Service. If this is the case, you will also receive a leaflet explaining your rights.
The Financial Ombudsman Service offers a free independent service and can help with most financial complaints, but there are some limitations. Contact them directly for further information.
Contact details
Phone:
0800 023 4567
0300 1239 123
Lines are open:
Mon-Fri 8am-8pm
Sat 9am-1pm
In writing:
The Financial Ombudsman Service
Exchange Tower
London
E14 9SR
If a customer feels that a member firm has not complied with the Business Finance Code, they can contact the FLA and take advantage of the complaints service that it operates.
Guidance on how to make a complaint to the FLA can be found on the FLA website.
Business Finance Code Enquiries
Finance & Leasing Association
Imperial House
8 Kean Street
London WC2B 4AS
Fax: 020 7420 9600
Email: business.finance@fla.org.uk.