If you had a finance agreement with Black Horse, the car dealer that offered you the deal could have increased the interest rate to get an enhanced commission. If you were not aware this was happening, this could expose them to liability.
- Find out if you can claim for free
- No obligation to proceed with your claim
- The mis-selling could apply to vans and other vehicles
- If you have had missed payments or arrears, this will not stop you from making a claim.
No one likes to be taken advantage of or mis-sold, so please complete the form below to find out what money you can claim back.
Black Horse Finance UK – A Long History
This company’s history started 23 years ago, or 102 years ago, depending on how you perceive its current form. It is a subsidiary of the Lloyds Banking Group and a consumer finance company.
They offer finance for new and used cars, caravans, motorhomes, motorbikes and scooters.
How did the Black Horse Mis-Sold Car Finance issue start?
Because people were given higher interest rates at the discretion of the car dealer that offered them finance, and the person involved in the transaction did not know they were doing this, regulators have started to deem this unacceptable.
Black Horse Mis Sold Car Finance
The money-saving expert website has featured Black Horse as a lender, allowing brokers or authorised representatives to increase rates to get enhanced commission payments.
Black Horse Car Finance Claim
Because people were not told that their monthly payments would be higher so the broker could get an enhanced commission, it could be possible to claim against the lender.
It is yet to be apparent if the broker or authorised representative may have to return some of their commissions.
Black Horse Finance Claim Time Scale
A BlackHorse finance claim could take up to 60 days to conclude, hopefully with a positive outcome.
Black Horse Car Finance Claim Online
With Concise Finance, completing the whole claims process online could be possible, with the minimum number of questions and fuss.
If you can’t remember all the details of your car finance, it could be helpful for you to get a copy of your credit files, with TransUnion, Experian and Equifax, which will show the details of the loan company.
Black Horse Car Finance Compensation Size
The compensation should be roughly equivalent to the interest paid based on the increased rate the broker requested. Interest will be added to that sum, which will be refunded to you.
Blackhorse Car Finance Discretionary Commission
The car dealers that were the beneficiaries of the discretionary commission could argue that they sold the car at a reduced price to reflect their car finance commission payment. Still, the regulators do not accept this and believe people should be refunded.
Customer Reviews of Concise Finance Claims Services for Black Horse
James Turner from London: I had an excellent experience with Concise Finance when I needed to claim compensation for my Black Horse car finance. I discovered that my car finance was mis-sold due to a discretionary commission never disclosed to me. Concise Finance gave me a substantial refund on my PCP agreement and I got the maximum black horse compensation. Their customer service team was accommodating, providing me with all the necessary contact details and support. I highly recommend their services to anyone dealing with a Black Horse mis-sold car finance case.
Sarah Davies from Birmingham:
“I used the Lloyds car finance claim calculator from Concise.”
I was shocked to discover that I was mis-sold my car finance deal with Black Horse. After reading about the potential issues with discretionary commissions, I contacted Concise Finance. They were professional and efficient, helping me file a claim that resulted in significant compensation. Their customer services were top-notch, always ready to assist with email support and provide clear online claims process instructions. I couldn’t have asked for a better experience with my Black Horse car finance claim online.
David Wright from Manchester: Concise Finance made claiming against Black Horse straightforward and stress-free. I discovered that I had mis-sold my car finance, and Concise Finance guided me through the claims process. The refund I received was more than I expected, and their customer service team was always available to provide the necessary contact details and answer any questions. I highly recommend them to anyone who believes they may have a Black Horse car finance claim.
Emma Brown from Leeds: I contacted Concise Finance after discovering that my PCP agreement with Black Horse was mis-sold. The discretionary commission was never explained to me, and it significantly increased my payments.
Concise Finance took over my case, and I received a full refund and compensation. Their customer services department was terrific, and they kept me informed every step of the way. If you think you might have been mis-sold, I recommend contacting them.
Mark Wilson from Glasgow: I was concerned when I read about the possibility of being mis-sold a car finance deal, so I checked my Black Horse agreement. Concise Finance confirmed that I was mis-sold due to an undisclosed discretionary commission.
They handled everything, and I received a refund that covered the additional costs I had paid.
Their customer service was top-notch. They provided all the necessary contact details and even assisted with email communication. Their claims check calculator was a great tool that helped me see what I could expect regarding compensation.
Clydesdale Financial Services Limited VS Black Horse Cars Finance
Clydesdale Financial Services Limited trades as Barclays Partner Finance and could also be involved in the mis-sold car finance issues.
Hitachi Capital car finance mis-sold
In the past few years, Hitachi Capital has been rebranded as Novuna. The Martin Lewis website indicates that Novuna could be one of the lenders that offered brokers the opportunity to increase rates to get enhanced commissions.
Finance provided by Black Horse Limited,
St William House, Tresillian Terrace, Cardiff CF10 5BH.
Black Horse Limited is Registered in England and Wales with registered number 661204.
Registered Office: 25 Gresham Street, London EC2V 7HN
Contact Email Address: mse.motorcommission@blackhorse.co.uk
Black Horse Finance Phone: 0344 824 8888
Call us on 0800 022 4844. Lines are open Monday through Friday, 8:30 am—6 pm, and Saturday, 9 am—1 pm.