Did you have a car finance agreement with Black Horse between 2007 and 2024? Millions of customers may have been overcharged through hidden commission — and you could be owed money back.
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Black Horse Finance is the motor finance arm of Lloyds Banking Group, one of the UK's largest financial institutions. For decades, Black Horse was among the most active car finance lenders in the country, funding millions of PCP and HP agreements through franchise and independent dealerships.
Between April 2007 and November 2021, Black Horse used discretionary commission arrangements (DCAs) — a system that allowed car dealers to set their own interest rates and earn higher commission the more they charged you. The FCA banned this practice in January 2021 after finding that consumers were paying an average of £1,100 extra over the life of a finance agreement.
The UK Supreme Court's landmark ruling in November 2024 confirmed that failing to disclose such commission arrangements to borrowers was unlawful. Lloyds Banking Group — Black Horse's parent — has since set aside £1.95 billion to cover expected redress payments, making it the single largest provision of any UK lender in this scandal.
You are likely eligible to claim if you meet the following criteria:
You may not be eligible if:
Not sure? Our free eligibility checker takes 60 seconds and there's no obligation to proceed.
Answer 5 quick questions about your Black Horse agreement. We confirm your eligibility instantly — completely free, no obligation.
Our legal partner requests your full finance records from Black Horse and analyses whether undisclosed commission was charged.
If there are grounds, we submit a formal claim to Black Horse (and the Financial Ombudsman if needed) on your behalf.
When successful, your redress payment is made directly to you. We only take a fee if we win — no upfront costs ever.