The Martin Lewis Podcast URGENT MINI POD: Car finance mis-selling confirmed: Will you get your money back?
Mar 30, 2026
An urgent breakdown of the FCA’s mass car finance redress scheme and who it covers. Clear guidance on why you should complain now and which types of agreements qualify. Explanations of payout rules, improved interest rates and timelines. Practical notes on cancelling claims firms, deceased borrowers’ rights and what to expect next.
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Mass Redress Scheme Covers Millions And Pays Around £829
- The FCA has set up a mass redress scheme covering around 12 million motor finance agreements with an average payout of about £829.
- Martin Lewis explains firms must identify and contact eligible customers and that being in the 'complained' group speeds payment and avoids missed cases.
Complain Now To Get Faster Payment
- Do submit a complaint now to be in the 'I've complained' group so your payout is likely quicker (2026) and firms have your details.
- Use free tools like Martin Lewis's Do It Now or the Equifax free basic account to find agreements back to 2007 and file complaints.
Use Equifax Search To Find Old Finance Agreements
- Try the free Equifax basic account car finance searcher to pull up historic finance agreements back to 2007.
- Enter those agreement details into a free complaint tool to ensure lenders can find and assess your case.