The scheme will cost lenders £7.5 billion in redress costs
The City regulator will outline how millions of people can claim compensation for mis-sold car finance.
An estimated 14 million people are due payouts
Payouts are set to be worth £830 each on average
Martin Lewis has explained two ways that millions of people affected by the car finance scandal can claim compensation. Approximately 12 million drivers are now in line for a…
Around 12 million drivers are now in line for a payout and each will receive an average payout of £830