FSCS in-default register

Economy Cars Limited

Declared in default16 June 2011FRN 312326

What this means for you

Because Economy Cars Limited 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

Economy Cars Limited (FRN 312326) has been declared in default by the Financial Services Compensation Scheme as of 16 June 2011. The firm's product offerings cannot be determined from available records, limiting clarity on the scope of its regulated activities. Eligible customers may be entitled to FSCS compensation subject to the relevant product-category limits, though the absence of specified product data prevents precise determination of applicable compensation thresholds.

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.