How much is my claim worth?
From the FCA report it is estimated that the average amount of compensation for a mis-sold finance compensation claim could be in the region of £1,100. In some cases, the amount owed for such a compensation claim could be higher.
The exact amount recoverable will be dependent on the following factors:
- The size of the loan acquired. The higher the amount of the loan the more you will be able to claim.
- The interest rate you were quoted, and how much difference there is between the rate quoted and the rate you should have been quoted.