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What you need to know about the car finance compensation scheme

Coventry Telegraph

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November 10, 2025

YOUR CONSUMER RIGHTS CHAMPION

- Martyn James is a leading consumer rights campaigner, TV and radio broadcaster and journalist

Chances are you've heard about car finance and anew compensation scheme for people who may have been mis-sold credit to buy a vehicle. By the look of my postbag many readers are flummoxed about what the announcement means. Here's a guide to your rights.

What do I need to know?

The Financial Conduct Authority (FCA) has announced proposals for a compensation scheme for millions of drivers who may have been mis-sold deals to buy a car or vehicle on finance

Key points to remember are:

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What you need to know about the car finance compensation scheme

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