The Claims

The Claims

1,000,000

CLASS MEMBERS

We estimate that one million consumers entered into affected finance agreements with their Black Horse, Santander or MotoNovo with the relevants period and are therefore in the class.

£1,100

LOSSES

In final finding, to UK Financial Conduct Authority estimated on typical motor finance agreement of £10,000 the discretionary commission model could have resulted in class members paying around £1,100 extra in interest over the four year term of agreement.

£900,000,000

CLAIM VALUE

Based on the FCA’s calculations, we estimate that the claims could be worth around £900 million in total.

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