On 30 March 2025, the FCA confirmed a mass redress scheme covering 12.1 million car finance agreements. Firms are legally required to identify and contact everyone affected — but registering now puts you in the faster track.
If you bought or leased a car on finance — PCP, HP, or a personal loan arranged through a dealership — at any point between 2007 and 2024, there is a good chance the interest rate you were given was quietly inflated so the salesperson could earn a higher, hidden commission.
On 30 March 2025, the FCA confirmed its mass redress scheme. £7.5 billion will be paid out across 12.1 million agreements. Unlike PPI, firms are legally required to proactively identify and contact every affected customer — not just those who complain.
That distinction matters. There are two tracks: those who have registered and those who haven't. People in the registered track get paid first. Those who wait to be found by their lender will be in the slower queue — and in some cases may receive less. Registering now takes 60 seconds and costs nothing.
No upfront cost. No obligation. You only pay if a successful claim is made.
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