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Early car finance offers

Early car finance offers

Barclays will begin offering early compensation to some drivers affected by mis-sold car finance, and the FCA says it welcomes offers that are no worse than its proposed scheme. The scheme faces a legal challenge in February, with most customers expected to wait for the case to conclude and compensation unlikely before late next year. About 12 million loans taken out between April 2007 and November 2024 may qualify, with average payouts estimated at £829, mainly over undisclosed dealer commissions.

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