Financial Conduct Authority says millions of claims will be paid up this year and vast majority settled by end of 2027Car finance victims to get average £830 payoutMillions of victims of the UK’s car finance scandal will receive payouts this year, the City regulator has confirmed.But the number of car loans judged to be unfair has been cut by more than 2 million, meaning fewer people will benefit, while the average payout has increased to about £830 per agreement. Continue reading...
Financial Conduct Authority says millions of claims will be paid up this year and vast majority settled by end of 2027
Millions of victims of the UK’s car finance scandal will receive payouts this year, the City regulator has confirmed.
But the number of car loans judged to be unfair has been cut by more than 2 million, meaning fewer people will benefit, while the average payout has increased to about £830 per agreement.
Continue reading...
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