Advantage Finance Claims & Refunds
If you believe you've been a victim of mis-selling in a car finance loan from Advantage Finance, we're here to assist you in filing a complaint and pursuing the refund you rightfully deserve.
In a recent investigation by the Financial Conduct Authority (FCA), widespread evidence of mis-sold car finance was uncovered. Acknowledging the issue, one car dealer openly admitted, '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, particularly in the subprime market where Advantage Finance operates, have been found guilty of approving loans that were unaffordable.
​
With Advantage Finance's typical APR standing at 29.35%, a stark example illustrates the potential financial burden on borrowers. For instance, a Hire Purchase Agreement repayable over 48 months for a vehicle priced at £7,500 incurs a total charge for credit of £4,725.44.
​
The Financial Ombudsman's latest figures reveal that 38% of complaints against Advantage Finance Ltd were upheld. If you suspect you've been a victim of mis-selling or an unaffordable loan from Advantage Finance, we're here to help you pursue compensation. Start your claim today!