New Martin Lewis £1,100 car finance refund update ahead of September decision

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Martin Lewis News

Personal Finance,Retail And Consumer,Motoring News

People are being urged to put a claim in now before the ruling is made on September 25.

The Martin Lewis Money Show Live returned to the small screen on Tuesday for a one-off special covering a whole host of topics including boosting State Pensions, making the most of your cash on holiday and energy fixes. However, the consumer champion kicked the hour-long ITV programme off with an update for everyone eagerly awaiting the outcome of an investigation into car finance compensation.

However, Lee contacted the show to say he sent off letters to car finance firms and has received a response confirming he overpaid on two of those. He asked the financial guru if he needs to do anything else, or sit tight and wait on the FCA outcome. He added that when the announcement is made he will tell everyone “exactly what to do on that day” to ensure they get the money they are owed.

Top Money Stories Today Martin plans to issue this on social media over the next few weeks. But he ended with a serious message for those who haven’t sent off a letter yet. He said: “The most important message I can give anyone watching is if you bought a car on PCP or hire purchase before January 2021 and you haven't put a claim in now to find out if you have discretionary commission, the sooner you get it in, the less chance there is of you being timed out.

 

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New Martin Lewis £1,100 car finance refund update for people due responseAn FCA ruling due in September could see people who took out car finance loans receive money back.
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