FSCS in-default register

1st Gear Finance Limited

Declared in default5 July 2011FRN 460703

What this means for you

Because 1st Gear Finance 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

1st Gear Finance Limited (FRN 460703) was declared in default by the Financial Services Compensation Scheme on 5 July 2011. The firm's product types are not specified in available records. Eligible customers may be entitled to FSCS compensation, though the applicable limits depend on the financial products they held with the firm at the time of default.

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.