Customer Complaints Policy

Upon receipt of your complaint our Complaints Manager will initiate a full impartial, diligent investigation. Our investigation will include:

  • A full assessment of the nature of your complaint
  • If a third party is involved (such as the dealership or lender) we will request a detailed response from them
  • We will remain in contact with you to update you on the progress of your complaint
  • We will inform you of our decision within 8 weeks of receipt of your complaint

All evidence gathered will be assessed fairly in line with the Financial Conduct Authority rules and requirements.

Upon receipt of your complaint we will issue you with an acknowledgement letter detailing how we will proceed with your complaint and keep you updated at all times.

A final response will be issued within 8 weeks of receipt of the complaint, if we have been unable to resolve the complaint within this timescale for whatever reason we will inform you of our position and why we are not able to make a final response at this time. We will advise you of when we will be able to provide you with a final response.

If you are dissatisfied with the delay or do not agree with our decision you may refer your complaint to the Financial Ombudsman. A leaflet explaining your rights will be enclosed with the documentation we issue to you when we acknowledge your complaint.

Financial Ombudsman Service, Exchange Quay, London, E14 9SR

Motor Finance Consumer Redress Scheme (PS26/3)

The Financial Conduct Authority (FCA) has published its consumer redress scheme for motor finance customers.

For customers.

The scheme will be managed by lenders, not brokers. 

If you’re not sure who your lender was, you’ll find their name on your finance agreement or credit documents.  You may find some payment details on your old bank statements or by reviewing your credit profile.

Alternatively, you can submit your case now for consideration within the scheme: compliance@creditas.org.uk.

Find out more

You can read the full FCA policy statement here: PS26/3: Motor finance consumer redress scheme | FCA

For Dealers

We have produced a high-level summary document to guide you through the key points of the policy statement here: https://www.evolutionfunding.com/public/fca-motor-finance-redress-scheme/

Contacting us

Telephone: 01943 873277
Address: Creditas Financial Solutions, 72 Otley Road, Guiseley, Leeds, LS20 8BH
E-mail: compliance@creditas.org.uk

The FCA has announced that they are undertaking work in the motor finance market, specifically on historic discretionary commissions and any harm this may have caused consumers, as well as some temporary changes to how customer complaints about these commissions are handled.

https://www.fca.org.uk/news/statements/fca-undertake-work-motor-finance-market