News · 31 March 2026

Millions of drivers getting £830 for mis-sold loans

Drivers who were unfairly sold car loans could receive an average £830 payment from a new scheme. The Financial Conduct Authority published final plans on Monday, aiming to put £7.5 billion back into people's pockets. This scheme applies to about 12.1 million unfair motor finance deals made between April 2007 and November 2024.

By BriefTea Editorial · 31 March 2026 at 0:07

Reported by news.stv.tv · How we write briefs

Get the app

More briefs

WorldIceland votes against restarting talks on joining the EU PoliticsBurnham to end indefinite jail terms by parliament's end BusinessEngland's free bus pass age will rise to 67 by April 2028 EntertainmentAnne Hathaway joins Tom Cruise in Days of Thunder sequel out 2028 WorldArizona desert deaths of 19 migrants last month hit a two-year record GeneralCatholic Church forced adoptions continued into the 1980s Browse all stories →