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Evening Standard
Evening Standard
Anna Wise

Car finance compensation: Could I be owed money and what should I do?

FCA
People mis-sold car loans will have to wait longer for compensation payouts (Alamy/PA) -

Millions of motorists are in line for compensation from their lenders after the UK financial watchdog confirmed redress plans for drivers impacted by the car finance mis-selling scandal.

The Financial Conduct Authority (FCA) said it is launching a £7.5 billion compensation scheme to give cash back to Britons impacted by unfair car loans.

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