FSCS in-default register

Bright Finance Ltd

Declared in default14 April 2010FRN 302237

What this means for you

Because Bright Finance 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

Bright Finance Ltd (FRN 302237) was a UK financial services firm offering payment protection insurance claims services. The Financial Services Compensation Scheme (FSCS) declared the firm in default on 14 April 2010. Customers with eligible PPI claims may be entitled to compensation of up to 90 per cent of their claim value with no upper limit, subject to FSCS eligibility criteria.

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.