Watchdog update on car finance scandal 'settlement' amounts

Drivers urged to find old car finance agreements despite redress scheme delay

Motorists are being urged to find details of old car finance agreements while the FCA's compensation scheme remains on hold.

Millions of drivers 'left in limbo' amid £9.1billion car finance compensation update

The UK's financial regulator has provided an update on the future of the car finance scandal's compensation scheme impacting millions of drivers.At the start of July, the Financial Conduct Authority announced that the motor finance scheme had been partially suspended.The FCA is facing several legal challenges from Consumer Voice, represented by Courmacs Legal, Volkswagen Financial Services, Mercedes-Benz Financial Services, and Crédit Agricole A…

Watchdog update on car finance scandal 'settlement' amounts

People are expected to get £830 on average but compensation amounts can vary

Car Finance Compensation Scheme Could Be Delayed Until 2027 – But Drivers Should Still Complain - Essex Magazine

Thousands of motorists affected by controversial car finance agreements may have to wait longer for compensation, with a redress scheme now unlikely to begin before 2027. The delay means many drivers who believe they were charged unfairly could face a longer wait before receiving any potential payment. However, consumer experts are urging affected customers not […]