Car finance: What should I do to check if I am owed compensation?

Car finance: What should I do to check if I am owed compensation?

If you used car finance to buy a vehicle any time in the last 18 years, you could be in line for compensation.

It follows a recent court ruling on hidden commissions that lenders paid to dealers, which opens the door for potential payouts to millions, if they are found to have been mis-sold finance.

If you are eligible, you are still in for a bit of a wait, and for now the advice is not to sign up with a claims company promising to help you get redress, because it won't speed things up and they will charge a fee.

But there are a few other things to bear in mind, if you are trying to work out whether you are likely to get compensation.