Generally, no. The redress scheme doesn’t cover agreements involving:
- limited companies
- limited liability partnerships
- partnerships consisting of more than 3 people
- agreements with a credit value of over £25,000 for business purposes.
However, you may be eligible for the redress scheme if:
- you are a sole trader, or a partnership with 2 or 3 partners where at least one partner is an individual
- you took out a motor finance loan for business purposes
- the amount you borrowed was £25,000 or less.
You can check your original loan agreement to confirm the amount you borrowed.