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The Guardian - UK
The Guardian - UK
Business
Rupert Jones

Car finance: Drivers using claims firms could face 36% add-on charge on compensation payouts

Selection of used cars for sale
Motorists who bought a new car on a finance deal could be entitled to a share of a possible £44bn payout. Photograph: Findlay/Alamy

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.

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