Could You Be Eligible for Compensation?
Find out in just two minutes with Gouldson Finance’s online checker for Islanders.
This free two-minute check is designed for Jersey borrowers who have taken a personal loan or financed a car, van, motorbike or other vehicle since January 2010.
It will help you understand whether it may be worth asking questions about:
✔ Commission paid to a dealer or broker
✔ How your interest rate was determined
✔ Whether the dealer had a preferred lender
✔ What information was disclosed before you signed
Before we begin
Why are we asking these questions?
When a personal loan or vehicle finance is introduced by a garage, dealer or broker, that business may receive commission from the lender.
Commission itself is not necessarily unfair. The important questions are whether it was properly disclosed, whether it affected the agreement you were offered and whether you had enough information to make an informed decision.
The UK compensation scheme does not automatically apply in Jersey. However, some local agreements may still be worth reviewing and complaints may fall within the remit of the Channel Islands Financial Ombudsman.