Buzz & Beyond: Car maintenance

Major update for 60,000 drivers on mammoth car finance compensation bill

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Major update for 60,000 drivers on mammoth car finance compensation bill

Major update for 60,000 drivers on mammoth car finance compensation bill

Source: The Sun

Published: Feb, 11 2025 14:00

A MAJOR update has been issued on the car finance commission scandal with a mammoth compensation bill expected. The UK's motor finance industry is bracing for a potential multi-billion pound compensation bill as the Financial Ombudsman Service (FOS) grapples with a surge in complaints related to commission practices. Over 60,000 complaints are awaiting resolution - a staggering threefold increase since May 2024 - highlighting a potential scandal that could rival the infamous Payment Protection Insurance (PPI) debacle.

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