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Sign in / registerDiscretionary Commission Arrangement (DCA) Complaints
On 11 January 2024, the Financial Conduct Authority (FCA) announced that it’ll be carrying out a review into discretionary commission arrangements within the motor finance industry. For more information, please click here.
How does a missed payment affect my credit file?
It’s important to be aware of what can happen when you stop making repayments. It’s going to affect your credit file, and a poor credit score could mean:
- You get rejected for future credit applications
- You’re given a smaller credit limit or higher interest rates
- It could affect anyone who is financially associated with you (for example through a joint bank account or credit agreement) and impact their ability to get credit.