As the FCA warns over claims firms, here are the options if you’ve been a victim of motor loan mis-selling

Adverts claiming consumers could be entitled to compensation for mis-sold car finance are popping up everywhere. “You could be owed thousands … File your car finance claim today” is a typical call to action.

With only weeks to go, however, until we find out whether there could be payouts for millions of people, there are warnings that signing up with a claims management company (CMC) could be a bad idea.

Continue reading…Motor finance, Motoring, Consumer affairs, Money, Financial Conduct Authority, Regulators, Business, UK news, Personal loans, Borrowing & debtRead More

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