RCOR combines deep expertise with advanced tools to deliver over 21,000 calculations and reports for the UK’s top law firms specializing in financial mis-selling claims. Leveraging our skills in vetting, data extraction, and complex quantum calculations, we empower law firms with actionable insights and robust reports to streamline case handling and maximize claim outcomes.
Leaders in Financial Mis-Selling Claims
Expertise
Mis-sold Car Finance (PCP/HP)
Mis-sold car finance is widely regarded as the “new PPI,” with the FCA highlighting that 99% of the 31.7 million car finance agreements between 2007 and 2021 could involve mis-selling. This translates to approximately £23 billion in potential compensation and rising. These claims often involve misleading or incomplete information provided by car dealerships, brokers, or finance providers, affecting customers under PCP or HP agreements.
Claims may arise due to:
- Misleading or incomplete information during the sale from Car finance dealers.
- Hidden costs or unsuitable financing terms.
- Failure to disclose essential details about the agreement.
Expertise
Mis-sold Business Energy Claims (BEC)
Microbusinesses often fall victim to unfair energy contracts involving hidden fees, long-term agreements, and a lack of transparency. It is estimated that over 2 million businesses in the UK are entitled to compensation due to these practices. Business energy claims can recover past energy bills, with average claims exceeding £25,000. RCOR’s specialists review bills, identify errors, and negotiate refunds, helping businesses reclaim owed amounts..
Claims may arise due to:
- Misleading information from energy brokers.
- Hidden charges in contracts.
- Non-transparent billing practices.
Expertise
Undisclosed Commission Claims (UDC)
Undisclosed commissions involve hidden payments made by lenders to brokers, which increase mortgage costs without the borrower’s knowledge. These undisclosed fees, if revealed, could have reduced overall mortgage expenses. RCOR specializes in uncovering such commissions and securing compensation for affected borrowers.
Claims may arise due to:
- Hidden broker commissions passed to borrowers.
- Lack of transparency in mortgage agreements.
- Overpayment due to undisclosed fees.
Expertise
Mortgage SVR Miscalculation Claims (MSMC)
Mortgage SVR miscalculations occur when lenders charge borrowers more than the agreed-upon interest and fees. These errors are common when mortgages transition to Standard Variable Rates (SVR) after fixed terms expire. Lenders often fail to align their SVRs with the Bank of England’s base rate, leading to overcharges. RCOR identifies these discrepancies to ensure borrowers receive fair compensation.
Claims may arise due to:
- Overcharges after fixed-term expiry.
- Incorrect adjustments to SVR rates.
- Failure to align with Bank of England base rates.