The Scheme only applies where there was an arrangement under which commission was payable to a credit broker in connection with the motor finance agreement. The purpose of the Scheme is to address cases where an unfair relationship may have arisen due to inadequate disclosure of commission arrangements. As no commission was payable in relation to your agreement, there was no commission arrangement to disclose. So, your agreement isn’t covered under the Scheme and is not eligible for compensation.
FAQ
Commissions Redress
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Customers not due redress
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