Millions owed compensation for an unaffordable car finance deal - how to claim

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Millions of drivers could be owed compensation for unaffordable and expensive car finance deals

This report could eventually enable customers to claim refunds - similar to the how the, according to consumer rights experts.

The FCA said it would follow up with individual firms using these tactics, but in the meantime customers can still try and claim compensation. Below we explain how.The report by the FCA highlights two problems, an expert told The Sun - and this is likely to affect who is eligible for compensation as well as how to claim it.

The FCA declined to comment when contacted by The Sun about whether firms should offer compensation and the comparisons to the PPI mis-selling scandal. "It's not going to cost you anything, and instead you can get ready and be fully prepared when there's more progress on the FCA process," Lam said. Keep in mind you'll have a stronger case if you can give examples of other deals that you could've been offered at the time.Motorists could be owed compensation for car finance deals that are unaffordable or come with high commission rates

 

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Clearly no rubbish to post about Price, Collins, IS brides, Markle family etc so let’s take aim at the post PPI world of auto finance....

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 /  🏆 64. in JP

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