Bott and Co recognise the concerns raised in a recent article regarding the use of no win no fee solicitors and claims management companies for mis-sold car finance claims.
As an independent, regulated law firm with over 20 years’ experience of managing consumer claims, we feel that certain aspects of the article did not fully reflect the broader context of our work and investment in developing mis-sold motor finance case law and our commitment to supporting our clients in pursuing their claims.
Following our landmark victory in Mrs Young vs Black Horse, Bott and Co has already enabled thousands of consumers to seek the compensation they’re entitled to.
Below we address the points raised and outline the role that Bott and Co can specifically play in supporting consumers with their mis sold car finance claims.
Using a “no win, no fee” solicitor can be an effective approach for consumers seeking justice in mis-sold car finance cases. Unlike many claims management companies that have recently entered this new market, Bott and Co have been at the forefront of developing this area of consumer rights law from the very start and are the only firm to have won cases in court.
A “no win, no fee” agreement means clients don’t have to worry about upfront costs or legal fees if the case isn’t successful. For many people, this financial security is crucial, particularly if they’ve already experienced financial losses due to unfair car finance lending practices.
Navigating mis-sold car finance claims can be complex. As the UK’s leading law firm in this new area of law, Bott and Co’s experience enables us to know exactly what to look for, from misrepresented interest rates to undisclosed fees, and we understand how to present the strongest case possible. This expertise can make a substantial difference in the outcome.
Choosing Bott and Co means clients don’t have to handle complicated paperwork or communications with lenders. We take care of everything, minimising stress for clients and enabling them to focus on moving forward. We have tools which can locate their clients’ finance details without the client needing to remember their registration number, agreement number, name of lender.
With years of experience in handling large volume consumer claims, we know how to maximize a claim, ensuring all possible avenues are explored. Without expert guidance, many people might settle for less than they deserve or miss out on specific compensations they weren’t aware of.
In the days of PPI, consumers could obtain 3 to 4 times more compensation if they went to court and used a solicitor, rather than claiming themselves through FCA rules. We anticipate the same may occur with mis-sold car finance claims. A consumer could obtain £500 if they do it themselves or obtain £2,000 if using a solicitor and be left with £1,280 after deduction of any fees. It would seem most consumers would rather have instructed the solicitor and received the latter.
Consumers can indeed try it for themselves first and in fact Bott and Co offer a free template letter for doing so. However, if and when the claim is denied it would be advisable to seek legal advice.
Using a “no win, no fee” solicitor such as Bott and Co in mis-sold car finance cases empowers consumers to hold lenders accountable for unfair practices. This path not only levels the playing field but helps victims secure rightful compensation without incurring extra financial burden.
If you think you may have been mis-sold car finance, just add a few details to our mis sold car finance claims checker for us to find your car finance agreements. We’ll then tell you if you can claim and how much you might receive.