Moneybarn pays £30m to customers after failing to treat them fairly

Moneybarn pays £30m to customers after failing to treat them fairly

Car finance company Moneybarn has paid more than £30m to 6,000 customers after failing to treat them fairly when they fell behind on loan repayments. It was also fined £2.77m by the Financial Conduct Authority for the way it behaved. ’Moneybarn did not give its customers the chance to clear their arrears over a realistic and sustainable period,’ said the FCA.

Chris
Chris
Top in Business
Get the App