You are contacted out of the blue by a call or text and told you are due compensation for your mis-sold car loan. They say they are calling from the lender and just need your details to process your claim.
With the recent news that UK motorists could be in line for payments of up to £950 each if they were victims of car finance mis-selling, the call or text might not be a surprise – particularly if you are one of millions who has written to your lender saying you think you may be owed money. But do not fall for it.
