Take the following steps to determine whether you have a PCP claim or multiple claims:
Review Your PCP Agreements: First, gather all the agreements you have signed for the PCP finance deals you have taken out in the past. Review the terms and conditions of each agreement, including the interest rate, payment schedule, and any additional fees or charges.
Check for Mis-Selling: Look for signs of mis-selling, such as if the dealer did not explain the risks of the PCP agreement, if they did not inform you about the final balloon payment or if they did not provide you with a breakdown of the fees and charges.
Assess Your Financial Situation: Review your financial situation at the time of taking out the PCP agreement. Were you pressured into signing the agreement? Did you fully understand the terms and conditions of the agreement? Were you provided with alternative options for financing the car?
Consider if You Experienced Financial Hardship: Did you experience any financial hardship due to the PCP agreement, such as difficulty making payments, or were you required to take out additional loans to meet your PCP obligations?
Seek Professional Advice: If you are still unsure whether you have a claim, seek the advice of a solicitor who specializes in PCP claims. They can review your agreements and financial situation and provide you with an expert opinion on whether you have a valid claim.
It’s important to note that you may have multiple PCP claims if you have taken out multiple agreements and believe that they were mis-sold. Each claim will need to be assessed individually, and it’s advisable to seek professional advice to ensure that your claims are properly evaluated and pursued