Business2 sources

Barclays to Offer Car Loan Mis-selling Payouts Before Legal Outcome

  • Barclays is the first major lender to offer compensation for mis-sold car loans.
  • Payouts will begin this month, with some customers receiving money before Christmas.
  • The bank is making 'early settlement' offers ahead of the legal battle's conclusion.
  • The compensation is part of an ongoing industry-wide issue facing major financiers.
  • The industry awaits the outcome of a £9bn redress scheme challenge.
Barclays to Offer Car Loan Mis-selling Payouts Before Legal Outcome | Split Angle