Protect yourself from scams

The FCA has confirmed that scammers are pretending to be car finance lenders to get personal information including names, addresses, dates of birth and banking information. They’re claiming that they need this information to process compensation payments.

Please note, we’re not contacting customers regarding commission complaints at this time, and there is no compensation scheme in place yet.

If someone calls you claiming to offer compensation, please hang up immediately and do not provide any personal information.

You can learn more about how to protect yourself from scams on the FCA website.

You can also report scam calls to Ofcom for action.

Please note, we’re not contacting customers regarding commission complaints at this time, and there is no compensation scheme in place yet.

If someone calls you claiming to offer compensation, please hang up immediately and do not provide any personal information.

You can learn more about how to protect yourself from scams on the FCA website.

You can also report scam calls to Ofcom for action.

Oct 2025

Latest Update

Commission Compensation — What you should do

You may have heard about the recent Supreme Court ruling on commission.

Following this, our Regulator (The FCA) has published a proposal for a new compensation scheme for some motor finance customers.

This is not yet final, and no compensation is being paid at this stage.

The FCA consultation closed on 12 December 2025, and they are expected to announce their decision during March 2026. If the scheme goes ahead, we will contact all affected customers directly. If approved, the scheme could launch shortly afterwards, with payments starting later in 2026.

The compensation scheme covers two issues:

Discretionary commission arrangements – this is where the broker could adjust the customer's interest rate, which would impact how much commission the broker was paid.
We would like to remind you that we have never used the Discretionary Commission Arrangement (DCA) commission model, so none of our customers would be eligible for compensation related to this arrangement.

Discretionary commission arrangements – this is where the broker could adjust the customer's interest rate, which would impact how much commission the broker was paid. We would like to remind you that we have never used the Discretionary Commission Arrangement (DCA) commission model, so none of our customers would be eligible for compensation related to this arrangement.

Unfairness – there are a number of factors that could mean there was an unfair commission relationship between the customer and lender.

Q&A:

Will I be getting compensation?

The proposed scheme could impact some customers who took motor finance agreements out between April 2007 and November 2024.

As a lender, we did not use discretionary commission arrangements, but some customers may still be eligible if the agreement involved a high commission and there was inadequate disclosure.

The proposed scheme could impact some customers who took motor finance agreements out between April 2007 and November 2024.

 As a lender, we did not use discretionary commission arrangements, but some customers may still be eligible if the agreement involved a high commission and there was inadequate disclosure.

Do I need to raise a complaint?

You don’t need to take any action. If the scheme goes ahead and you’re eligible, we’ll contact you directly with clear next steps. It will be free and straightforward to manage.

If you have already made a complaint, you will be considered under the new scheme if you are eligible. Please note that the FCA have implemented a pause on responding to complaints about commissions until after 31st May 2026.

You don’t need to take any action. If the scheme goes ahead and you’re eligible, we’ll contact you directly with clear next steps. It will be free and straightforward to manage.

Should I appoint someone to deal with this on my behalf?

You don’t need pay anyone to act on your behalf.  If you use a claims management company, you may have to pay up to 30% in fees out of any compensation you receive.

When will I be contacted?

The FCA will announce their decision during March 2026. If approved, the scheme could launch shortly afterwards, with payments starting later in 2026.

Where can I get more information?

To learn more, visit: fca.org.uk/carfinance and Martin Lewis's website at moneysavingexpert.

For other account-related matters, please go to our mobile App. You can download our app from your App Store by searching for Oodle Car Finance.