Brits who believe they were mis-sold car finance between 2007 and 2024 could be entitled to compensation averaging £700 *.

The car finance scandal recently emerged, revealing lenders were paying undisclosed "secret" commissions to car dealerships. This allowed car dealers to set the interest rates on finance deals; the higher the interest, the bigger commission they pocketed. As a result, Britons ended up signing finance agreements with inflated interest rates.

A Financial Conduct Authority (FCA) investigation found that 44 per cent of car leasing agreements sold between April 2007 and November 2024 may have been mis-sold. The regulator issued a statement saying: "Motor finance companies broke laws and regulations in force at the time by failing to disclose important information. This

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