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Moneybarn Claims & Refunds

If you've experienced a mis-sold car finance loan from Moneybarn, our expertise can assist you in seeking the compensation rightfully owed to you. Our most substantial Moneybarn refund to date reached £12,000. Discover the potential compensation you may be eligible for by exploring your options with us!

In February 2020, Moneybarn made headlines with a £33 million fine from the Financial Conduct Authority, which found the lender had not treated customers fairly when facing repayment challenges.

 

Over 6,000 customers received car finance refunds as the FCA revealed that Moneybarn failed to adequately communicate the consequences of payment defaults before agreements were made. While the exact refund per customer remains undisclosed, the equal share payout averages around £5,000 per individual.

 

With a representative APR of 31.9%, Moneybarn boasts one of the priciest PCP finance options. For instance, borrowing £10,000 over 60 months with monthly payments of £313.86 results in a total repayment of £18,517.74, including £8,517.74 in interest.

 

According to the latest figures, the Financial Ombudsman upheld 29% of complaints against Moneybarn No.1 Limited. Due to their high-interest rates, Moneybarn has accrued substantial interest payments, potentially from unaffordable loans. If you believe you've had a mis-sold or unaffordable loan from Moneybarn, kickstart your compensation claim today!

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You have the choice to pursue your claim without the assistance of a Claims Management Company. You can approach the Financial Advisory firm directly and at no cost. Should your complaint not be resolved, you have the right to escalate it to the Financial Ombudsman Service (FOS). In the event the Financial Advisory firm is no longer trading, you can seek redress via The Financial Services Compensation Scheme (FSCS).​

Car Claims is a trading style of Hemmings Howe Associates Limited.

This site is owned and operated by Hemmings Howe Associates Limited, which is a company Registered in England. Registered Office: Jactin House, Hood Street, Ancoats, United Kingdom, M46WX, England. Registered with the FCA number: 838449

Authorized and regulated by the Financial Conduct Authority  (see the FCA register at www.fca.org.uk/register/ reference: 838449)

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Hemmings Howe Associates Limited is registered with the Information Commissioner (ICO) Registration: ZB357457

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