All the money you can reclaim in 2025 and you could be owed thousands in cash
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START the new year in the best way by reclaiming money you are owed – from mis-sold car finance to tax refunds. Here’s how to get your hands on cash that could be going unclaimed in your name. The latest money scandal involves car finance deals. If you bought a car, motorbike or van with a Personal Contract Purchase (PCP) or Hire Purchase deal before January 28 2021, you could be owed thousands.
![[You could reclaim thousands of pounds worth of money in 2025]](https://www.thesun.co.uk/wp-content/uploads/2024/12/ascending-stacks-money-new-shiny-956972240.jpg?strip=all&w=960)
The issue? Some car salesmen earned hidden commissions based on high interest rates charged to customers. Financial regulator the Financial Conduct Authority (FCA) estimates that on average, people paid £1,100 more interest on a typical £10,000 four-year car finance deal than they should have.
But, if you bought more than one car on finance between 2007 and 2021, you could be owed far more. To make a claim, contact the lender that provided your finance – not the car dealer. Check your loan paperwork, or, if the finance was taken out within the past six years, review your credit report for lender details.
Payment Protection Insurance (PPI) was widely mis-sold back in the '90s and noughties. It was designed to cover your loan or credit card repayments if you had an accident, fell ill or became unemployed. While the official claims deadline passed in August 2019, there’s still hope.
Law firm Harcus Parker is attempting to launch a group claim against banks for £18billion in secret commssions taken from PPI customers. If successful, claimant could get an average £3,000 back. To make a claim, you need to have had a credit card, store card, loan, overdraft, store card or car finance in the past.
