MILLIONS of Brits could get thousands of pounds in compensation after being overcharged on their loans or bills. Several major collective lawsuits have been launched in the past year and consumers may be able to cash in. 1 You could be in line for compensation from one of these class action lawsuits These legal cases
The Supreme Court will deliver its judgment on car finance compensation this Friday, August 1 – we explain everything you need to know, including a separate FCA investigation A big update on car finance claims is expected this week(Image: Getty Images/EyeEm) Millions of drivers could soon find out if they are due compensation over claims
CHANCELLOR Rachel Reeves may step in to overrule the Supreme Court’s decision relating to the £44billion car finance scandal. The Supreme Court is set to decide next Friday whether motor finance providers should compensate customers over undisclosed broker commission arrangements. 1 The move aims to prevent the scandal from spreading to other financial products beyond
LATER this month the UK supreme court is expected to rule on whether car finance dealers unlawfully charged millions of drivers secret commission. This means if you took out a car finance arrangement before 2021 you could be in line for compensation. In the build up to the ruling, the Financial Conduct Authority (FCA), the
MOTORISTS affected by the car finance mis-selling scandal have been issued a warning over a simple mistake that could prove costly. Impacted drivers should avoid using claims management companies (CMC) or law firms to get compensation, the regulator has said. 1 The FCA has cautioned against motorists claiming compensation through CMCs Over 23million people believe
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
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