Martin Lewis has warned hundreds of thousands of drivers they may very well be due a payout for unfair automotive finance fee.
Talking on his ITV present on Tuesday, 6 February, the MoneySavingExpert founder defined how a share of automotive finance offers earlier than 28 January 28 had “discretionary fee preparations”, permitting sellers to alter curiosity provided to clients and improve their fee – a apply that was later banned by the Monetary Conduct Authority.
A brand new investigation implies that overpaid curiosity is given again to anybody who’s affected, Lewis defined – that means hundreds of thousands of drivers may very well be getting a reimbursement.
