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The Martin Lewis Podcast
Car Finance Misselling 10 week deadline, reclaim £1,000s | Marital Disharmony | Slash Water bills
Jul 17, 2024
Financial expert Martin Lewis discusses reclaiming money from car finance misselling within a 10-week deadline. The podcast also covers financial disagreements between partners, advice on balance transfer cards and loyalty, and tips on saving money on rising water bills.
01:01:46
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Quick takeaways
- Reclaim excessive car finance interest before 10-week deadline for potential refunds over £1000.
- Resolve financial disagreements with partners through open communication, debt prioritization, and shared financial goals.
Deep dives
Reclaiming Missold Car Finance on a Deadline
The Financial Conduct Authority is conducting an investigation into car finance misselling, with a deadline approaching. It focuses on reclaiming excessive interest charges due to discretionary commission arrangements. Customers who bought vehicles on finance between 2007 and 2021 may be eligible for refunds exceeding £1000 if they had such arrangements. The investigation aims to provide redress and rulings by the 25th of September may result in automatic repayments.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode