Martin Lewis has shared a potential windfall for millions! If you’ve financed a car between 2007 and 2024, you could be in for a surprise £700 payout. The Financial Conduct Authority recently unveiled that a whopping 14 million car finance deals included a sneaky Discretionary Commission Arrangement (DCA) that most people were unaware of. If this is news to you, there’s a chance you might be entitled to compensation.
To make your claim, Martin Lewis suggests using a template letter available on MoneySavingExpert.com. It’s straightforward and ensures you’re in line to receive any money owed, all without the hassle of using claims firms that take hefty commissions.
Already lodged a complaint? You’re ahead of the game! You’ll be automatically included in the compensation scheme when it kicks off early next year. For those who haven’t complained yet, now’s the time. Firms have about six months to identify affected customers, but by taking the initiative, you can streamline the process.
A word of wisdom: Martin stresses not to rely on claims firms, which can skim 30% of your compensation. Instead, follow the guide and templates to keep every penny.
No paperwork? No problem! An old bank statement or credit reference might just do the trick to prove your claim. Keep those documents handy!
Remember, when the scheme launches, you won’t have to lift a finger if you’ve filed a complaint. Just sit back and wait for the payout.
Don’t let this opportunity pass you by! Take action, and potentially boost your bank balance by hundreds of pounds, all thanks to Martin Lewis’s expert advice.