Motorists are being warned about a fraudulent car finance message that is currently doing the rounds. Alarmingly, the convincing message includes personal details such as your car registration number and make.

Those who have used car finance to purchase a vehicle in are currently awaiting news on if they can claim compensation for possible mis-selling of their finance agreements. The Financial Conduct Authority is looking into whether dealerships failed to disclose full information regarding charges when arranging car finance, particularly concerning discretionary commission arrangements.

These arrangements allowed dealers greater leeway to set higher interest rates, thereby earning more commission, but were banned in 2021. While drivers wait to hear if they can claim money, scammers are

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