MoneySavingExpert reports some people have received payments from lenders ‘out of the blue’.
Several people have posted on the MoneySavingExpert.com members forum that they have received money back from car finance providers after sending off a complaint letter using a template tool on the consumer group’s website. MSE founder Martin Lewis announced the launch of the online tool earlier this year after it emerged thousands of people could have been mis-sold hidden commissions on a vehicle they purchased using finance.
Andrew contacted the MSE team by email and said: “I thought I would let you know that I put a claim into Motonovo the day your email template went live. I have just received £3,345 back In compensation.” At the time, Martin Lewis said the FCA’s delay “indicates there's a chance that in May it will launch a consultation on a redress scheme”.
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