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News · 31 March 2026

Millions of drivers getting £830 for mis-sold loans

Millions of drivers getting £830 for mis-sold loans

Photo by why kei on Unsplash

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.

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