FSCS in-default register

Colt Cars Mid-West Ltd

Declared in default9 July 2020FRN 311434

What this means for you

Because Colt Cars Mid-West Ltd has been declared in default, you can't complain via the Financial Ombudsman Service in the normal way. Instead, eligible customers can apply to the Financial Services Compensation Scheme for compensation.

Background

Colt Cars Mid-West Ltd (FRN 311434), a payment protection insurance claims management firm, was declared in default by the Financial Services Compensation Scheme on 9 July 2020. The firm had been authorised to handle PPI-related claims on behalf of consumers. Former customers may be entitled to compensation under the FSCS protection scheme, which covers insurance products at 90% of the claim with no upper limit.

Products this firm wrote

Ppi Claims

How to claim

  1. Check you were a customer of this firm during the period it was regulated.
  2. Gather your policy / advice / contract paperwork — start with anything you have in writing.
  3. Identify your loss and the date it crystallised.
  4. Apply via the FSCS online claim portal at claims.fscs.org.uk.
  5. The FSCS investigation typically takes 6–18 months. They will assess eligibility, liability and quantum.
Colt Cars Mid-West Ltd — in default · FSCS compensation pathway · My AI Travel