June 25, 2025

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Drivers could receive up to £4,000** refund due to car finance scandal with 31.7 million eligible to claim

  • June 25, 2025

HAVE you heard about the car finance scandal? For nearly 20 years, drivers with PCP and HP agreements were being charged higher interest rates, potentially costing them thousands of pounds.  1 The scandal has affected millionsCredit: getty The missold car finance scandal could cause one of the largest compensation payouts in UK banking history. An

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Finance

How to tell if you’re one of millions who could be owed compensation over huge car finance mis-selling scandal

  • March 13, 2025

MILLIONS of borrowers could be set to receive thousands of pounds in compensation due to the car finance mis-selling scandal. The Financial Conduct Authority (FCA) launched an investigation last year into whether motorists were unknowingly overcharged when they took out car loans. 1 The investigation focuses on past practices where banks allowed car dealerships and brokers to set their own interest

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