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Martin Lewis has warned tens of millions of drivers they might be due a payout for unfair automotive finance fee.
Talking on his ITV present on Tuesday, 6 February, the MoneySavingExpert founder defined how a proportion of automotive finance offers earlier than 28 January 2021 had “discretionary fee preparations”, permitting sellers to vary curiosity supplied to clients and enhance their fee – a observe 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 – which means tens of millions of drivers might be getting a refund.
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