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Mis-sold Car Finance Update February 2026

​After 12 months The Financial Conduct Authority (FCA) has finally concluded its investigation into the mis-sold car finance scandal. It is due to publish its compensation recommendations within the next 4 weeks.

Along with other Lawyers and client representatives, we anticipate they will write to the car dealerships and finance companies instructing them to calculate financial redress. The outcome of this is likely to be:

 

1. The dealer or finance company will respond they do not have your information on file. WRONG. They are obliged to keep this for a certain period of time. Where appropriate, we will contest this.

 

2. The dealer or finance company will make you an one-off compensation offer. WRONG. How do you know it is what you are really entitled to? Under UK Consumer Law once you agree to this, or bank a cheque you have accepted their offer and cannot go back and complain or claim again. Where appropriate, we will contents this.  

YOU NEED TAKE NO FURTHER ACTION

 

Your claim has already been lodged with your finance company and is being constantly monitored by our Claims Team.

 

However, if you receive ANY communication or offer direct from them, contact us immediately. We are here for you to ensure you get the compensation you deserve. 

 

If you have any questions regarding this update, please do not hesitate to contact us on 0800 779 7457 or claims@claimlinelegal.co.uk

WE WORK ON A NO-WIN NO-FEE BASIS WITH A FIXED FEE STRUCTURE.

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© 2025. Claimline Legal UK Ltd.  All Rights Reserved. Claimline Legal UK Ltd is Authorised and Regulated by the Financial Conduct Authority in respect of regulated claims management activities FRN:838320. Our registration can be found here. Registered with the Information Commissioners Office Z2331844. Office admin address 137-139 High Street, Beckenham, Kent, BR3 1AG. Registered address 17 Beckenham Grove, Bromley, Kent, BR2 0JN. Registered as a company in England & Wales. Company Registration No 7334817. VAT Number 133 9993 75. *The term "no-win no-fee" is used within the terms outlined in point 6 of our Terms & Conditions. Cancellation and other fees may apply. Pictures on this site are for representation only and may not represent actual employees or locations. You do not need to use us or anyone else to make your complaint or claim. You can do this yourself for free. If your claim is not successful you can also refer it to the Financial Ombudsman again for free. However you choose to make your claim please note the FCA is currently reviewing mis-sold car finance claims and lenders do not have to make any compensation payments until the FCA has completed its review. Payments, if any, from lenders should start several weeks after that. All timelines are subject to the FCA's review process.**The Times 19/11/2024. Powered by Pozitive Media

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