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    Home»Finance»Drivers to learn details of compensation scheme for mis-sold car finance – live updates
    Finance

    Drivers to learn details of compensation scheme for mis-sold car finance – live updates

    March 30, 20261 Min Read


    ‘Years on, I’ve realised that… I’ve been hoodwinked’published at 16:04 BST

    16:04 BST

    Kevin Peachey
    Cost of living correspondent

    Michael Waller bought two cars on finance over ten years ago

    Michael Waller, from Bexley, bought two cars on finance a decade or more ago.

    “I bought them basically for my job, which was as a salesman. I went all over the country doing tens of thousands of miles in both of them,” he tells the BBC.

    “Years on I’ve realised that, in both cases, I’ve been hoodwinked.”

    He no longer had the paperwork, so made a claim through Courmacs Legal – a law firm representing more than a million drivers.

    Michael Waller argued that the principle, rather than the money, meant he wanted to take his case through the courts rather than using the Financial Conduct Authority scheme.



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