Martin Lewis: Car Finance Mass Redress scheme launches tonight covering likely missold deals

Martin Lewis: Car Finance Mass Redress scheme launches tonight covering likely missold deals
Car finance mass redress scheme starts

A new Car Finance Mass Redress scheme is launching tonight, with Martin Lewis highlighting its significance for consumers. According to Lewis, about 45 percent of the car finance deals covered by the scheme were likely missold, making those affected eligible to reclaim a typical sum of £700.

Consumers can access a free complaint tool to check their eligibility and begin the reclaim process, as noted in Lewis's update. A clip from Lewis also provides additional help for those seeking to recover potential misselling losses.

Lewis has recently reported on the closure of the Zero ethical banking app, confirming support for affected users. In a separate update, he released a list of easy access savings accounts, outlining competitive options for savers. Both topics reflect his continued focus on practical consumer finance developments.

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