Manchester, UK - February 23, 2026 - Car finance used to be seen as a personal matter. But with the rise in multi-generational financial planning, more families are revisiting past agreements to understand how they might still be shaping household finances today.
Reclaim247 has seen a growing number of drivers and their relatives using its free checker to identify possible car finance claims. Whether it’s adult children helping parents make sense of old paperwork, or young drivers reviewing their first PCP deal, the company is seeing a broader awareness of mis-sold car finance, and the potential for car finance compensation or a car finance refund where appropriate.
“People aren’t just checking for themselves anymore,” said Andrew Franks, Co-Founder of Reclaim247. “We’re seeing increased interest from families who want clarity on how these finance agreements were structured and sold.”
Why Families Are Starting to Look Back
Car finance mis-selling often went unnoticed at the time. Some people were told they had finance options when they were only shown one product. Others didn’t realise the broker could adjust their interest rate to increase their commission. Such details may not have set off red flags at the time, but they now mean valid car finance claims.
This shift is being driven by rising living costs and a growing desire to ensure that past financial decisions were clear and fair. As part of long-term planning, many households are reviewing older PCP agreements and hire purchase contracts, even when the car has already been returned or sold.
What the FCA Found About Car Finance Mis-Sold Practices
According to the Financial Conduct Authority, many agreements signed between April 2007 and November 2024 may include signs of car finance mis-selling. Common problems include:
Discretionary Commission Arrangements
Where brokers increased the interest rate to earn more commission, without telling the customer.
Unfairly High Commissions
Where commission payments were far higher than expected for the size of the loan.
Limited Finance Options
Where the driver was told they had a choice, but only shown one product.
Each of these issues could form the basis of a PCP claim or car finance claim even if no one questioned the agreement at the time.
The Role of PCP Claims in Financial Awareness
PCP finance has played a major role in the car market over the past two decades. Its appeal came from low monthly payments, but final balloon charges and unclear terms often caught drivers off guard. As families look back, many are discovering they were never fully informed of what the deal would cost long term.
“One parent may have financed a car years ago,” added Franks. “Now their child is looking at the numbers with fresh eyes and seeing things that were never explained. That’s how a PCP claim often starts.”
A Simple Check That Helps Everyone Understand More
Reclaim247 offers a free and easy eligibility check. It doesn’t require paperwork or lender details. Drivers just enter their name, address and date of birth. The system searches for past car finance agreements and looks for signs of mis-sold car finance.
If anything is flagged, the driver is connected with a regulated legal partner who handles the next steps. The service is free to begin, and there’s no fee unless compensation is recovered.
Past Decisions Still Deserve Clarity
As families take a more active role in managing finances together, it makes sense to revisit older agreements, especially when mis-sold car finance may have played a part. Whether the finance was recent or years old, understanding the terms can help drivers feel more confident about the decisions that shaped their financial lives.
If you or a family member financed a vehicle between April 2007 and November 2024, Reclaim247 can help check if a PCP claim or car finance claim could apply.
Start your free check today at www.Reclaim247.co.uk
No documents needed. No upfront cost. No pressure.
About Reclaim247
Reclaim247 is a multi-award-nominated UK-based claims management service that helps drivers check for signs of mis-sold car finance. The company has supported thousands of motorists in exploring potential car finance claims and PCP claims, using a clear and accessible process. The service is free to start and operates on a no win, no fee basis.
Media Contact
Company Name: Reclaim247
Contact Person: Andrew Franks
Email: Send Email
Phone: 0333 041 0110
Address:3 Archway, Birley Fields, Hulme
City: Manchester
Country: United Kingdom
Website: https://www.reclaim247.co.uk/
