In a post on X, Martin Lewis wrote: “Things have been delayed further. The Court has just said it’ll only hear the legal challenges to the FCA scheme in Dec 26 or 27 – far later than had been thought.
“So even if the challenges fail, payouts likely wouldn’t start until mid-2027 at the earliest. And even then there could be appeals.”
Martin went on to explain what motorists waiting on the scheme should do in the meantime.
He said: “If you’ve complained. Sit tight. If you don’t get a rejection now, then hopefully, if all goes to the current plan, you will be due a payout. Yet don’t expect any further response otherwise. I know many find that frustrating.”
And for those yet to have a complaint under the scheme, he had different advice.
He explained: “If you’ve not complained.
“It’s still worth getting one in now, as you will eventually get paid out quicker if you’re due. Plus there will be less “not finding your info” risk.”
Around £7.5 billion is expected to be paid out on approximately 12.1 million agreements from 2007 and 2024. Money Saving Expert (MSE) has provided a checklist to find out whether you are likely to be eligible for compensation.
