About Moneybarn
Moneybarn is a specialist car finance lender for people who may struggle to borrow from mainstream lenders because of their circumstances. Once part of Provident Financial, it is now the motor finance business of Vanquis Banking Group, which also offers credit cards. Most agreements are set up by the dealer or another broker when the car is bought.
Vanquis has recognised a £3m motor finance provision, while saying it did not historically take part in discretionary commission arrangements.
What Moneybarn took off your payout
Compensation is usually made up of three parts. Only one of them is what we reclaim.
Can I claim?
- Moneybarn paid you compensation, under the FCA scheme, after a complaint or through the Financial Ombudsman.
- The compensation included interest, with tax deducted.
- You were a basic-rate or non-taxpayer in the tax year you were paid.
Moneybarn questions
Will claiming affect my Moneybarn compensation?
No. The rebate is a separate claim to HMRC. Moneybarn isn’t involved and your compensation doesn’t change.
I had more than one Moneybarn agreement
Every payout you received in the same tax year goes into one claim, including payouts from other lenders.
Moneybarn hasn’t paid me yet
Reserve your rebate now. We’ll tell you when payments start and file for the right tax year once you’re paid.
My letter doesn’t show any tax deducted
If no tax was deducted, there’s nothing to reclaim. If you’re not sure, our case team can check it for you at no cost.
What do you do for me?
We check what you’re owed, work out the right tax year, prepare and submit the claim to HMRC as your agent, deal with any questions and send you the balance after our fees.
Sources
- City AM: City regulator fines Provident Financial subsidiary Moneybarn £2.8m (17 February 2020)
- City AM: Vanquis warns of £7m motor finance hit if FCA does not change course (5 November 2025)
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