UK Drivers: £829 Average Compensation for Car Finance Mis-selling
UK News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
UK drivers with car finance deals from 2007 to 2024 may receive compensation, averaging £829 each, due to new FCA plans. Deals often hid high commissions, pushing interest rates up and making contracts unfair. Drivers are advised to complain directly to lenders, avoid claims firms, and beware of scams. Lenders will contact complainers within a month and non-complainers within six months, with most payouts expected this year. Big banks and finance firms will fund the scheme, with the rest paid by 2027.
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