FSCS in-default register

ACS Used Car Trade Centre

Declared in default17 January 2018FRN 314392

What this means for you

Because ACS Used Car Trade Centre 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

ACS Used Car Trade Centre (FRN 314392) has been declared in default by the FSCS as of 17 January 2018. The firm's product types were not specified in available regulatory records. Former customers may be eligible for FSCS compensation, though the applicable limits depend on the financial products involved; standard protection covers investments, mortgages, and deposits up to £85,000 each, and insurance claims at 90% of losses with no upper limit.

Products this firm wrote

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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.