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

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

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