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The Financial Conduct Authority (FCA) recently announced around 14 million people across the UK may be due compensation payouts averaging £700 as a result of hidden commission on motor finance deals agreed between April 2007 and November 2024. ‌

Consumer champion Martin Lewis has been at the forefront of urging drivers who took out finance to purchase a new car, campervan or motorbike within that time period, to check if they are due the payout, expected to be early next year. ‌

The financial guru devoted most of the first episode of the new series of The Martin Lewis Money Show Live to the topic, with a full guide on how the compensation scheme will work, who it will affect and when a payout is likely to happen. ‌

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