07/10/2025
Good News! The regulator has confirmed that anyone who had the discretionary fee in their agreement will be paid out early 2026. Average payout will be around £700. I’ve submitted loads of these for family and friends but even if you haven’t submitted one they will have to write to you by approximately June of 2026, so in theory if you don’t do anything you will still be paid. You will get paid quicker by sending an email to the finance provider though, go in Martin Lewis website and copy the template he has for miss old finance.
https://www.moneysavingexpert.com/news/2025/10/car-finance-compensation-scheme/