Moneybarn, a subsidiary of Provident Financial, has been providing car finance to residents in Hampshire since 2007. With approximately 1,400,000 residents living in Hampshire (ONS Census 2021), it is estimated that around 132,300 individuals may be affected by the unfair practices associated with Moneybarn's car finance agreements during the period from 6 April 2007 to 1 November 2024.
Moneybarn Finance Agreements in Hampshire
The impact of Moneybarn's car finance agreements on Hampshire residents is significant. Over the years, many individuals have used these services to purchase a variety of vehicles, ranging from compact cars and family sedans to larger SUVs and vans. According to the Financial Conduct Authority (FCA), 12.1 million eligible agreements (FCA, March 2026) by unfair practices during this period (FCA estimate). With an estimated £7.5 billion (FCA, March 2026) in total car finance provided and an FCA-estimated scheme average of £829 per eligible agreement per agreement, Hampshire residents who entered into these arrangements may have been charged excessively.
Hampshire residents affected by unfair practices can easily complain directly to Moneybarn without needing a claims management company. The process is straightforward and free. To initiate a complaint, visit the dedicated complaints page on Moneybarn’s website at https://www.moneybarn.com/complaints/. You do not need to pay any fees or engage external services; complaining directly to Moneybarn for free is your best option.
What Hampshire Residents Should Do Next
If you suspect that you have been affected by unfair practices in your car finance agreement with Moneybarn, it’s important to take action. Start by gathering all relevant documents such as loan agreements, payment receipts, and any correspondence with Moneybarn. Check the dates of your agreement to ensure it falls within the specified period from 6 April 2007 to 1 November 2024.
Once you have compiled these documents, proceed to submit a formal complaint directly through Moneybarn’s website or by contacting their customer service team. By taking this step, you can begin the process of resolving any issues related to unfair car finance practices and seek compensation if applicable.
Sources and References
- Financial Conduct Authority (FCA), 2024
- Office for National Statistics (ONS) Census 2021
How Many People in Hampshire Are Affected?
Based on Hampshire's population of approximately 1,800,000, an estimated 376,119 motor finance agreements in the area may have been affected by discretionary commission arrangements (FCA estimate, proportional calculation). This represents approximately 2.69% of the UK total of 12.1 million eligible agreements.
Moneybarn is registered at Companies House (company number 02766324) with a status of liquidation. The company was incorporated on 1992-11-20. Its registered office is at Athena House, Bedford Road, Petersfield, GU32 3LJ, United Kingdom. The company currently has 2 directors.
Moneybarn Complaint Statistics
According to the Financial Ombudsman Service, Moneybarn received 7 total complaints in H2 2024 BUSINESS. You can check the latest complaint data at the Financial Ombudsman Service.
Moneybarn's FCA reference number is 702773 (status: No longer authorised).