Stoke-on-Trent claimant 'deflated' by court's car finance ruling
"The journey has been up and down… I was a bit apprehensive thinking which way this was going to go," Mr Wrench told BBC Radio Stoke.He added: "I felt a bit deflated, a little bit low. It takes a lot to bring me down but after two-and-a-bit years of fighting long and hard, I really thought [the judges] would see sense."Mr Wrench described the hidden commissions as "deceitful" and said firms should be more up front about the payments."I won't be approaching certain finance companies in the future because I feel they've let people down," he said.
Mr Wrench was one of the three claimants involved in Friday's court proceedings and one of two who lost their cases.While the hidden payments were ruled not unlawful, the judgement left open the possibility of compensation claims for larger commissions, which the Supreme Court said were unfair.Following the ruling, the Financial Conduct Authority (FCA) said the consultation on who should be eligible for compensation and what they should receive would begin in October, with the first payments expected next year.Victims were likely to receive less than £950 per deal under the proposed compensation scheme, the regulator said.
Mr Wrench urged car finance companies to contact consumers directly to apologise and offer compensation and said he was still glad he had pursued the firms through the courts."I wasn't in it for the financial gain but I would do it again," he added. "I do believe I've unearthed a lot of truth."
Follow BBC Stoke & Staffordshire on BBC Sounds, Facebook, X and Instagram.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Sun
5 minutes ago
- The Sun
Argos slashes the price on back to school must-haves and prices start from £3
ARGOS has slashed the price of some of its must-have back to school items, with prices starting from as little as £3. The retailer is offering 25% off selected back to school products, including backpacks, lunch bags, water bottles and stationary. You can also pick up boys' and girls' school uniforms at Argos ahead of the start of the new term in September. The new offers include a Smash Strawberry Backpack in pink, reduced to just £8 from £12, and a Smash Yellow Stainless Steel Sipper 1l Water Bottle reduced to £10.50 from £14. Wicked Hydra Travel Mugs are reduced to £13.50 from £18, while Bluey and Spiderman lunch bags are reduced to £7.50 from £10. A Lego stationary set is reduced to £6 from £8, while 12-pack of Sharpie S-Note Highlighters are on sale for £7.50 from £10. There's also a gadget on sale that's perfect for parents who want to make sure their children's belongings don't get lost during term time. Dymo LT200B Letra Tag Label Printer is now £36.50, rather than £50. The Casio FX-991CW Scientific Calculator is also on sale for £25.50, down from £34. Meanwhile, Argos' school uniform range starts from just £3 for a 2-pack of Unisex Polo Shirts. Its 2-pack of red knitted cardigans start from £8, while its pleated skirts and trousers are £7 each for a 2-pack. The offers are available now on the Argos website and in stores, many of which can be found inside Sainsbury's stores. Shoppers who order by 5pm can receive their items by 10pm on the same day with the retailer's Fast Track same-day delivery. Other back to school offers Argos isn't the only retailer where you can bag some great back to school offers. Lidl last month launched a school uniform bundle for just £5, which includes two polo shirts, sweatshirts and trousers to choose from. Singular items can also be bought for cheap, with a sweatshirt going for just £1.50, and trousers, shirts, skirts or shorts for £1.75 during the sale. Lidl also offers a price-match promise, saying: "If you see a cheaper deal elsewhere, we'll match it." Aldi is also offering a £5 school uniform bundle this summer, which includes two polo shirts, a sweatshirt or cardigan, and a choice of trousers, skirt or cargo shorts – with individual items starting from just £1.50. Meanwhile, it's bad news for M&S shoppers as the retailer confirmed it would not be offering its usual 20% off sale on school uniforms this summer. The decision came after a cyber incident forced the company to suspend online operations for nearly six weeks, resulting in estimated losses of around £300 million. However, it said it had frozen prices on its school uniforms for the fifth year running. Do you have a money problem that needs sorting? Get in touch by emailing money-sm@
Telegraph
5 minutes ago
- Telegraph
There are questions Beijing must answer about its Embassy plans
The saga of the new Chinese Embassy in London has reached its climax. Having bought the Royal Mint, a huge and historic site of more than five acres opposite the Tower of London, for £255m in 2018, Beijing is now developing it. Much of this building would be used for normal cultural and diplomatic purposes. But the plans include a vast basement with no obvious function. More concerningly, details of these plans have been redacted in Beijing's application. There are justifiable fears that the basement could become a high-tech centre for espionage, surveillance and monitoring of Chinese nationals. The basement might even include facilities where pro-democracy activists from Hong Kong could be interrogated. Lawyers for the Chinese are already exploring legal loopholes to extradite its opponents and rewards are offered to those who turn them in. The decision on granting planning permission now rests with the Housing Secretary. Angela Rayner is, of course, also the Deputy Prime Minister. As such she will be more concerned about global than local issues. Britain's economic dependence on China means that it seems most unlikely that Ms Rayner will refuse planning permission, apart from minor modifications. But it is welcome that she has at least asked for an explanation as to why the plans have been redacted. This is, however, an issue that transcends normal diplomatic relations. We cannot allow the largest embassy in Europe to be erected in such a strategic location in London without proper parliamentary and press scrutiny. Ms Rayner must elicit more information from the Chinese about what would go on inside their proposed basement. Until the Beijing authorities are more forthcoming about their intentions, the public is entitled to presume that they are sinister.
Reuters
5 minutes ago
- Reuters
Doordash forecasts strong quarter on resilient delivery demand
Aug 6 (Reuters) - Doordash (DASH.O), opens new tab forecast third-quarter gross merchandise value above Wall Street expectations after topping estimates on Wednesday, betting on robust demand for food and grocery deliveries through its platform. The company's offers and promotions, particularly in its U.S. and international markets for members, has attracted budget-conscious consumers seeking value to its online services. Doordash expects gross merchandise value, a measure of the total dollar value of orders placed through its platform, to be between $24.2 billion and $24.7 billion for the current quarter, above estimates of $23.73 billion, according to estimates compiled by LSEG. Doordash's shares were up 6% in extended trading after the company also topped estimates for second-quarter revenue and gross merchandise value. The company also reiterated its expectations for its purchase of U.K. rival Deliveroo (ROO.L), opens new tab to close in the fourth quarter. Doordash has expanded its online delivery options beyond food to groceries, alcohol, electronics and beauty products, boosting sales while restaurants battled sluggish demand amid economic uncertainty. Gross merchandise value rose 23% to $24.2 billion in the quarter ended June 30, beating estimates of $23.58 billion, with total orders climbing 20% year-over-year. Total revenue of $3.28 billion for the reported three-month period also beat estimates of $3.16 billion. Net revenue margin inched higher to 13.5% from 13.3% a year ago, helped by robust advertising revenue. Rival UberEats' parent Uber (UBER.N), opens new tab also forecast a strong third quarter earlier in the day, banking on robust demand for ride-hailing and deliveries.
