'I sent eight letters': Drivers hope for payout from car finance redress scheme
Millions of motorists could be entitled to compensation with the financial regulator setting out how to apply
Coverage by Political Leaning
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Notable Quotes
"They've made me jump through hoops."
— Poppy Whiteside , Other
"When this came out in the news, I realised 'that's me'."
— Gray Davis , Other
"The money would be a 'lifeline' for his wife and two children."
— Gray Davis , Other
"The regulator's scheme was 'free to use' for consumers."
— Nikhil Rathi , Executive
"many people will 'have no idea' if they were mis-sold car finance unless they do."
— Martin Lewis , Celebrity
"many people will 'have no idea' if they were mis-sold car finance unless they do."
— Martin Lewis , Celebrity
Key People
A consumer who realized he was misled about the terms of his car finance.
Martin Lewis is a UK personal finance expert known for his financial advice.
Nikhil Rathi is the chief executive of the Financial Conduct Authority (FCA).
A senior data analyst for the NHS who is seeking compensation for mis-sold car finance.
Locations
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All Coverage
Millions of motorists could be entitled to compensation with the financial regulator setting out how to apply
An overview of the car finance mis-selling scandal and guidance on eligibility for compensation, following the FCA's announcement of a £829 average payout.
The Financial Conduct Authority (FCA) has announced a compensation scheme for over 12 million mis-sold car finance agreements, with average payouts of £829 each.
An overview of the car finance mis-selling scandal and guidance on eligibility for compensation, with average payouts of £829 for affected motorists.
The UK's Financial Conduct Authority has finalized a £7.5 billion compensation plan for motor finance customers misled about commission arrangements.
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