Why Could Car Finance Compensation Amounts Differ

Guide 29 October 2026

headshot of Chris Roy, Product and Marketing Director of Reclaim247Chris Roy

Why Could Two Motorists Receive Different Car Finance Compensation Amounts?

The FCA's compensation calculations face legal scrutiny as economic experts prepare evidence for the Upper Tribunal hearing from 16 February to 3 March 2027. Find out why motorists could receive different refunds.

Black Horse and Close Brothers Seek Supreme Court Appeal

News 28 October 2026

headshot of Andrew Franks, expert in automotive and finance, and co-founder of Reclaim247Andrew Franks

Black Horse and Close Brothers Seek Supreme Court Appeal Over Thousands of Car Finance Claims

Black Horse and Close Brothers have applied to the Supreme Court to challenge a ruling allowing thousands of car finance claims to proceed together. The court has yet to decide whether to hear the appeal.

FCA Car Finance Compensation Hearing Extended to March 2027

News 27 October 2026

headshot of Andrew Franks, expert in automotive and finance, and co-founder of Reclaim247Andrew Franks

Car Finance Compensation Delays Continue as Tribunal Extends Hearing to March 2027

The Upper Tribunal has extended the hearing into legal challenges against the FCA's motor finance compensation scheme to 3 March 2027. New directions also set deadlines for expert evidence and disclosure, while compensation payments remain on hold.

Lost Your Car Finance Paperwork? How to Trace Old Agreements

Guide 26 October 2026

headshot of Shannon Smith O'Connell, Operations Director at  Reclaim247Shannon Smith O'Connell

Can't find your old car finance agreements? How to trace them in 2026

Lost your car finance paperwork or forgotten your lender? Discover how to find old car finance agreements using credit reports, bank records and tracing services. This October 2026 guide also covers the FCA's partial suspension, legal challenges and confirmed February 2027 Upper Tribunal hearing.

FCA Updates Car Finance Compensation Guidance on Missing Records

News 23 October 2026

headshot of Andrew Franks, expert in automotive and finance, and co-founder of Reclaim247Andrew Franks

Update on FCA car finance claims: lenders told how to deal with lost records and unpaid commission

The FCA has published further guidance on how lenders should assess historic car finance claims, including agreements with missing records or unpaid commission. The 19 October update clarifies lender responsibilities while compensation payments remain affected by ongoing legal challenges.

Major Law Firm Calls for Car Finance Claims Advertising Ban

News 22 October 2026

headshot of Andrew Franks, expert in automotive and finance, and co-founder of Reclaim247Andrew Franks

Major Law Firm Calls for Ban on Car Finance Claims Adverts Amid Duplicate Complaint Concerns

A leading UK law firm has proposed a temporary ban on car finance claims advertising after concerns emerged over motorists signing up with multiple representatives. The FCA and SRA are already working on measures to tackle duplicate claims and potentially unfair termination fees.

How Long Do Car Finance Claims Take October 2026 Update

Guide 19 October 2026

headshot of Shannon Smith O'Connell, Operations Director at  Reclaim247Shannon Smith O'Connell

How Long Do Car Finance Claims Take? October 2026 Update on FCA Delays and Compensation

Car finance claims face further delays following legal challenges to the FCA's compensation scheme. With the Upper Tribunal hearing confirmed for February 2027, find out what the partial suspension means for motorists, whether you can still make a claim and when car finance compensation payments could begin.

Startline Motor Finance Sale Reported Amid Car Finance Scandal

News 15 October 2026

headshot of Chris Roy, Product and Marketing Director of Reclaim247Chris Roy

Startline Motor Finance Faces Potential Sale Amid UK Car Finance Compensation Uncertainty

Startline Motor Finance could be heading for a change of ownership after reports that its US owner has appointed advisers to manage a potential sale. The development comes amid uncertainty over the FCA's car finance compensation scheme, with Startline having previously recognised a £28.2 million redress charge.

FCA Car Finance Compensation Hearing Set for February 2027

News 14 October 2026

headshot of Andrew Franks, expert in automotive and finance, and co-founder of Reclaim247Andrew Franks

FCA Car Finance Compensation Hearing Confirmed for February 2027 as Tribunal Orders Further Evidence

The FCA has confirmed that legal challenges to its car finance compensation scheme will be heard in February 2027. The Upper Tribunal has also ordered further disclosure and expert evidence, leaving compensation payments on hold.

Renault Car Finance Compensation Provision Rises to 219m

News 13 October 2026

headshot of Andrew Franks, expert in automotive and finance, and co-founder of Reclaim247Andrew Franks

Renault Car Finance Compensation Provision Rises to £219m After UK Finance Arm Reports Loss

Renault's UK finance business, RCI Financial Services, has increased its motor finance compensation provision to £219.2 million after reporting its first annual pre-tax loss in 26 years. The lender also provides finance under Nissan Finance and Dacia Finance, making the latest development relevant to consumers checking historic agreements.

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3 The FCA currently estimates that most individuals could receive an average of £829 in compensation per agreement. We find an average of 2 car finance agreements per client, giving a potential total claim value of £1,658.