Staggering Number of People Seek Car Finance Refunds Worth £1,100

Martin Lewis has said a "staggering" number of people have used an online took on MoneySavingExpert.com to generate a complaints letter for possible car finance refunds worth £1,100. The Martin Lewis Money Show Live last month highlighted that millions of people who bought a car, van, campervan or motorbike on finance before January 28, 2021 may be owed thousands of pounds after being charged ' hidden commission '.

The finance journalist explained that drivers typically paid £1,100 more interest on a £10,000 four-year car finance deal when there was a discretionary commission arrangement. However, the bigger the loan, the more money you could be owed. The consumer website has now announced that 1,080,000 complaint letters have been submitted since February 6, the equivalent of around 30,000 each day, the Daily Record report

Source: News Formal (newsformal.com)

Martin Lewis Car Finance Refunds Hidden Commission Complaint Letters

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