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12.1 million agreements taken out between 2007 & 2024 were mis-sold
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You could still be owed around £830* for each agreement. Start your claim today...
Car Finance Claims
If you took out car finance between 2007 and 2024, you could be owed compensation.
Millions of drivers were never told that lenders were paying commission to dealerships for arranging their finance. In many cases, these were discretionary commission arrangements, where brokers could increase your interest rate to boost their commission, meaning you may have paid more than you should have.
The Financial Conduct Authority (FCA) has now stepped in, confirming a major redress scheme to put things right.
It’s estimated that around 12.1 million agreements were affected, with up to a maximum of £10 billion to be paid out.The average payout is expected to be around £830* per eligible agreement.
If you had car finance during this period, it’s worth checking if you’re eligible to claim. The FCA has confirmed that consumers who complain now will be compensated sooner, if their complaint is upheld.
