On 6 April 2007, a significant change in the car finance industry affected many residents of Leeds. Moneybarn, part of Provident Financial, began offering car finance under a discretionary commission arrangement (DCA), which later faced scrutiny and criticism from consumers across the UK, including those in Leeds.
Moneybarn Finance Agreements in Leeds
The Office for National Statistics estimates that Leeds has a population of approximately 812,000 residents. Given that around 76734 people in Leeds may have been affected by Moneybarn's car finance agreements (FCA estimate), it is clear that many local citizens are grappling with the implications of this financial product. According to FCA figures, a total of £7.5 billion (FCA, March 2026) worth of agreements were affected across the UK during the period from 6 April 2007 to 1 November 2024, with an average agreement amounting to around £829 (FCA estimate). The types of vehicles financed under these agreements ranged widely, from small family cars to larger vehicles such as SUVs and vans. Leeds residents who entered into car finance agreements during this period may find themselves in a position where they need to address potential issues with their financial arrangements.
Leeds residents can directly complain to Moneybarn for free by visiting the company’s dedicated complaints page at https://www.moneybarn.com/complaints/. This process is straightforward and does not require the involvement of a
claims management company. By submitting a complaint, Leeds residents can seek resolution without any upfront costs or obligations.
What Leeds Residents Should Do Next
If you are a Leeds resident who entered into a car finance agreement with Moneybarn during the affected period, there are several steps you should take to address potential issues:
- Gather Relevant Documents: Collect all documentation related to your car finance agreement, including contracts, payment receipts, and any correspondence with Moneybarn.
- Check Agreement Dates: Ensure that your agreement falls within the specified timeframe from 6 April 2007 to 1 November 2024. This is crucial for determining whether you are eligible to submit a complaint.
- Submit Your Complaint Directly: Visit Moneybarn’s complaints page and follow their instructions to lodge your complaint free of charge.
By taking these steps, Leeds residents can address potential issues with their car finance agreements directly and efficiently without the need for third-party involvement.
Sources and References
- FCA estimates on affected agreements: 12.1 million (FCA estimate)
- Total value of affected agreements: £7.5 billion (FCA, March 2026)
- Average agreement amount: £829 (FCA estimate)
- Population of Leeds: approximately 812,000 (ONS Census 2021)
How Many People in Leeds Are Affected?
Based on Leeds's population of approximately 800,000, an estimated 167,164 motor finance agreements in the area may have been affected by discretionary commission arrangements (FCA estimate, proportional calculation). This represents approximately 1.19% 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).