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The Independent UK
The Independent UK
Lifestyle
Holly Patrick

Martin Lewis says people owed car finance compensation should complain immediately – here’s why

  • Martin Lewis has advised individuals who believe they are owed car finance compensation to complain immediately for a quicker payout.
  • The Money Saving Expert founder explained that while firms are obliged to find everyone who was mis-sold, complaining proactively will accelerate the process.
  • The Financial Conduct Authority (FCA) estimates approximately 12.1 million motor finance deals were mis-sold.
  • These mis-sold deals involve a variety of lenders across the market.
  • The average payout for each mis-sold deal is estimated to be around £829.

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