Equifax Car Finance Checker
You may be eligible for compensation if you’ve bought a car, van, motorbike or campervan on finance between 2007 and 2024 as part of the Financial Conduct Authority (FCA) redress scheme.
14 million agreements nationally could be affected; check your motor finance history securely now for FREE.
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Information correct as of 24 February 2026
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Check Your Finance History Now With Equifax
The Equifax Car Finance Checker is the safe and secure way to help you find your past or current motor finance agreements. With data going back to 2007, Equifax offers a comprehensive way to identify motor finance agreements that could be included in the upcoming compensation scheme.
The risk of fraud during schemes of this nature can increase. When searching for your motor finance history, it’s important to know who you are dealing with. With Equifax, you can trust that your personal details are safe and secure.
To access this, you just need to download the myEquifax™ app and sign up for Equifax Basic™. This will give you access to your FREE Equifax Credit Score and motor finance agreements in one place.
Once you have this information, you can raise a complaint with your lender if you wish. If you’re already signed up to Equifax Basic™ or the Equifax Credit Report & Score, you just need to download the app and sign in.
Please note: Information on your motor finance agreements in the Equifax app does not mean that you are entitled to compensation.
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Is Your Car, Van or Motorbike Finance Eligible for a Claim?
Many drivers were unknowingly charged more than they should have been due to commission arrangements between dealers and lenders. You may be eligible if:
- You financed a car, van, motorbike, or campervan (not caravans) between 6 April 2007 and 1 November 2024.
- You used PCP (Personal Contract Purchase) or Hire Purchase (HP) finance.
- You’ve since paid off the loan, no longer own the car, or even had it repossessed, you could still be eligible.
If you had multiple motor finance deals during this time, you may be eligible for multiple claims.
If you had a 0% interest deal, you are unlikely to be eligible for compensation. This is because redress is generally not due if a better APR could not have been secured from another lender
Eligibility for Motor Finance Claims
The FCA’s proposed scheme covers three categories of potential motor finance claims:
Discretionary Commission Arrangements (DCAs)
Contractual commission ties
High commission models
How Much Compensation Could I Get?
If the FCA’s proposal goes ahead, they estimate that customers will receive an average of approximately £700 per agreement.
It’s important to note that this will vary on a case-by-case basis, depending on the loan amount, interest rate, and many other factors.
What Happens Next?
Once the FCA scheme is finalised, it is possible that lenders will be expected to contact customers directly.
By checking early with our FREE car finance checker, you’ll already know which finance companies you’ve used, when your agreements were active, and whether they fall inside the scheme timeframe.
Below are the proposed next steps if the scheme goes ahead:
Under current plans, lenders will be required to identify and contact all affected consumers.
If you make a complaint, your claim will be prioritised, and you’ll be contacted to confirm it’s being processed with the option to opt out if you wish.
The planned timelines suggest that when you submit a complaint, you should expect to be contacted within 6 months of the scheme start date and be informed of your redress amount. You should then expect to receive payment within 17 months.
Under current plans, your lender will inform you if your finance agreement meets the conditions of the scheme. If it does, your case will be assessed as part of the scheme, unless you tell your lender you don’t want it to be.
This means you should be contacted by lenders within 3 months of the scheme’s start, then be informed of your redress amount within 7 months. After this, you should receive your compensation within 9 months.
If you previously complained and received an acknowledgement, you don’t need to do anything. If you’ve not received an acknowledgement after 8 weeks, you should get back in touch with the lender.
Under FCA guidance, you don't need to use a Claims Management Company (CMC) or law firm to take part in the compensation scheme set up by the FCA. You can complain for free without using one.
If you have already signed up with a CMC or law firm and decide you no longer want to use one, you can end your agreement, but you may be charged a fee.
How the Equifax Car Finance Checker Works
We make it quick and easy to find your current and historical motor finance agreements.
1
Download the myEquifax™ app (available on iOS & Android).
2
Create or sign in to your Equifax account.
3
View your motor finance agreements dating back to 2007.
Even if you no longer have your car or finance paperwork, our historical data helps you identify old agreements that could be eligible for compensation.
Please note: Information on your motor finance agreements in the Equifax app does not constitute confirmation that you are entitled to compensation.
Your next step is to contact your lender(s) directly if you wish to raise a complaint. The FCA has confirmed that you do not need to use a Claims Management Company (CMC) to do this.
Motor Finance Redress Scheme
Many motor finance agreements included commission arrangements that may have led to you paying a higher interest rate than you should have.
Because of this, many motorists believe that they have been mis-sold car finance. However, the Financial Conduct Authority (FCA) states that these higher interest rates are a result of an 'unfair relationship' between the lender and the borrower.
To support consumers, the FCA is currently developing a compensation scheme to provide redress for eligible consumers whose agreements were affected, which could total around 14 million agreements.
If you bought a car, van, motorbike or campervan on PCP or Hire Purchase between 6 April 2007 and 1 November 2024, you could be eligible for the compensation scheme.
The scheme, known as the Motor Finance Consumer Redress Scheme, is due to launch early 2026, so view your motor finance history for free now to help you identify any motor finance agreements that could form part of the compensation scheme.
Please note: Information on your motor finance agreements in the Equifax app does not mean that you are entitled to compensation.
Your next step is to contact your lender(s) directly if you wish to raise a complaint. The FCA has confirmed that you do not need to use a Claims Management Company (CMC) to do this.
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Car Finance Checker FAQs
You may be eligible if you took out a regulated car finance agreement (a Hire Purchase or Personal Contract Purchase) between 6th April 2007 and 1st November 2024.
You may be able to make a claim if you weren’t told about one of the three following arrangements between the lender and broker:
- A discretionary commission arrangement, where the dealer adjusted variable interest rates to increase their commission.
- A high commission arrangement (35% of the total cost of credit and 10% of the loan).
- Where there was an agreement between the lender and broker, which gave the lender exclusive or near exclusive right to provide credit.
Equifax can't determine or advise on making a claim, but our Car Finance Checker can provide you with your motor finance history so that you can contact your lender directly to enquire.
The FCA states that higher interest rates are not due to being mis-sold car finance, but as a result of an 'unfair relationship' between the borrower and the lender. You can view your motor finance history via our Car Finance Checker once you download our app.
Simply input a few details, and our records dating back to 2007 will surface, allowing you to gather all details needed to ensure you find your finance agreements that may fall under the motor finance redress scheme.
Once you have these details, you can then contact your lender directly.
The scheme is due to start early 2026, and under proposed plans claimants should expect to receive compensation between 9 and 17 months following the start of the scheme, depending on when they raised their complaint.
No, this scheme also covers compensation for vans, motorbikes, or campervans on PCP or Hire Purchase between 6 April 2007 and 1 November 2024.