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Car finance: Barclays becomes first big lender to offer payouts for mis-selling of loans

Reported · Written up by our desk · Equities

Bank to make ‘early settlement’ offers before outcome of legal battle, with those who accept likely to get money before Christmas Business live – latest updates Barclays will this month start offering compensation to tens of thousands of people who claim they were mis-sold car loans, with some of those who accept likely to see the money land in their account before Christmas. Amid an ongoing legal battle over an industry-wide compensation scheme for victims of the UK’s car finance scandal, Barclays has become the first big UK lender to break cover and begin offering payouts to some customers w

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Sources

Guardian BusinessCar finance: Barclays becomes first big lender to offer payouts for mis-selling of loans

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