New Martin Lewis £1,100 car finance refund update after compensation delay

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Martin Lewis خبریں

Personal Finance,Retail And Consumer,Motoring News

Nearly two million people were expecting the FCA to make a decision at the end of September.

Martin Lewis has announced that a major investigation into whether people overpaid on their car finance loans has been extended to next year, as the UK’s financial watchdog said it could decide to set up a scheme to compensate those affected. The Financial Conduct Authority said it was giving motor finance companies more time to respond to customer complaints.

Martin also said that the FCA’s announcement “indicates there's a chance that in May it will launch a consultation on a redress scheme”. “Most important thing people can do is log their complaint ASAP, so that if there is a time bar, hopefully there's less chance of it being ruled out of time.” Top Money Stories Today On Tuesday, the watchdog said it was assessing thousands of records spanning 14 years and explained that the extension is due to delays in receiving the data it needs to conduct the investigation thoroughly.

 

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Similar News:آپ اس سے ملتی جلتی خبریں بھی پڑھ سکتے ہیں جو ہم نے دوسرے خبروں کے ذرائع سے جمع کی ہیں۔

New Martin Lewis £1,100 car finance refund update before decision in 12 weeksMore than 1.7 million people have already submitted a complaint to their lender hoping to get g a refund in September.
ذریعہ: Daily_Record - 🏆 9. / 89 مزید پڑھ »