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Essential Questions to Ask Before Signing a PCP Agreement
A Personal Contract Purchase (PCP) agreement is a significant decision that requires thorough understanding and careful consideration. This blog post explores into the essential questions you should ask before signing a PCP agreement, offering clarity on what it entails, how it operates, and the pivotal steps to take for a financially sound decision.
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Financial Ombudsman & PCP Claims
The Financial Ombudsman Service (FOS) plays a crucial role in resolving PCP Claim disputes between consumers and financial service providers, including those related to PCP car finance mis-selling.
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What is a PCP Agreement?
A PCP (Personal Contract Purchase) agreement is a type of car finance that allows you to drive a new or used vehicle for a fixed period, typically 2-4 years, with lower monthly payments compared to traditional car loans.
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What is a PCP Claim?
A PCP (Personal Contract Purchase) claim involves seeking compensation for being mis-sold a PCP car finance agreement. Typically, these claims arise when consumers were not fully informed about the terms and conditions of their PCP contract, leading to unexpected financial burdens.
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