Car finance - you may be owed compensation - latest update

7th April 2026

If you used finance to buy a car, motorbike or van between 6 April 2007 and 1 November 2024 you may be owed compensation.

Many lenders didn't properly tell customers important information about their agreements. This broke laws and our rules in force at the time. That's why we've launched a scheme to make sure people are compensated.

There will be a set-up period so lenders can prepare.

If you took out your loan before 1 April 2014, the scheme will start on 31 August 2026.

If you took out your loan from 1 April 2014, the scheme will start on 30 June 2026.

Some lenders may start looking at claims before these dates.

Check it all out HERE