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Could You Have a Black Horse Finance Claim?
If you’ve ever had car finance with Black Horse, you might soon be in for a decent compensation payout. Thousands of customers were overcharged through hidden commissions — and this year it’s time to claim back what’s yours.
Here’s the deal: Black Horse Finance, like many lenders, allowed dealers to bump up your interest rate to earn themselves a bigger commission. The kicker? They never told you about it. This practice was so widespread that the FCA banned it in 2021.
What Makes a Valid Black Horse Car Finance Claim?
Not every car finance agreement was mis-sold, but if any of these ring a bell, you could have a strong claim:
✔️ Lack of Transparency: Key information about fees or charges was buried in the small print
✔️ Hidden Commission Payments: Your dealer got paid by Black Horse but didn’t tell you
✔️ Inflated Interest Rates: You paid more than necessary because the dealer jacked up your rate
✔️ Unclear Terms: The full cost of your agreement wasn’t properly explained
✔️ Pressure Selling: You were rushed into signing without time to consider options
Black Horse Finance Claims vs Other Lenders
Black Horse Finance isn’t the only lender under scrutiny. Many major car finance providers used similar discretionary commission arrangements that have now been banned by the FCA. These include big boys such as:
✔️ Santander Consumer Finance
✔️ Close Brothers Motor Finance
✔️ MotoNovo Finance
✔️ Barclays Partner Finance
✔️ BMW Financial Services
The FCA’s investigation covers all lenders who used discretionary commission models between 2007 and 2021. Each lender must now review their historic agreements and handle complaints fairly.
How Much Could Your Black Horse Claim Be Worth?
The million-pound question! Your Black Horse compensation depends on several factors:
Total Amount Borrowed: Bigger loans = bigger potential refunds
Interest Rate Charged: Higher rates often mean more hidden commission
Agreement Length: Longer terms can mean more overpayments
Commission Percentage: Some dealers took up to 50% commission!
Want a rough estimate? Try our free car finance calculator to see what you could be owed.
Why Choose Restitute for Your Black Horse Claim?
Look, you could do this yourself. Some people do. But here’s why thousands choose us:
| DIY Claim | Restitute Money Reclaim |
|---|---|
| Hours of paperwork and research | ✔ We handle everything for you |
| Risk of missing key evidence | ✔ Expert team knows what wins claims |
| Dealing with lender pushback alone | ✔ SRA-regulated solicitors in your corner |
| Uncertain claim values | ✔ We maximise your compensation |
Black Horse Finance Claims: Your Questions Answered
Most Black Horse claims are resolved within 8–12 weeks. The initial response comes within 8 weeks, but if we need to go to the Ombudsman, it can take a few months longer. Don’t worry — we keep you updated every step of the way.
Great news — you can still claim! In fact, completed agreements often have the strongest cases because we can calculate exactly how much extra you paid. The 6-year time limit runs from when you finished paying, not when you started.
Absolutely! Voluntary termination doesn’t affect your right to claim for mis-selling. You still overpaid due to hidden commissions during the time you had the agreement.
Ideally, your finance agreement and any statements. But don’t worry if you’ve lost them — we can request copies from Black Horse using your details. Many successful claims are made with no paperwork at all!
Success fee (no win, no fee*)
| Compensation band | Our fee (excl. VAT) | Fee cap |
|---|---|---|
| £1 – £1,499 | 30% of the amount awarded | Up to £420 |
| £1,500 – £9,999 | 28% of the amount awarded | Up to £2,500 |
| £10,000 – £24,999 | 25% of the amount awarded | Up to £5,000 |
| £25,000 – £49,000 | 20% of the amount awarded | Up to £7,500 |
| £50,000+ | 15% of the amount awarded | Up to £10,000 |
VAT: Fees are subject to VAT at the prevailing rate.
No upfront costs. If you choose to cancel after 14 days, a cancellation fee of £75 + VAT per claim may apply as a contribution to time spent and expenses incurred.
Black Horse and the Wider Car Finance Scandal
Black Horse Finance isn’t alone in this mess. The entire car finance industry is under scrutiny after the Court of Appeal ruled these commission arrangements were unlawful.
Here’s what’s happening now:
⚫ The FCA is investigating the scale of mis-selling across all lenders
⚫ Banks have set aside billions for potential compensation
⚫ MPs are calling for swift action to help affected consumers
⚫ A claims deadline is expected once the FCA completes its review
What does this mean for you? The sooner you claim, the better. Once official schemes open, there’ll be a rush of claims and potentially stricter deadlines.
Other Car Finance Claims You Might Have
Had finance with other lenders too? You might have multiple claims! Check out our guides for:
Start Your Black Horse Car Finance Claim Today
Look, we get it. Financial claims can feel overwhelming. But here’s the truth: this could be the easiest money you’ll ever receive!
