Martin Lewis says two updates 'indicate a payout may be coming' for 1.2m people

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Martin Lewis says two updates 'indicate a payout may be coming' for 1.2m people
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They have used an online tool to generate a complaints letter for possible car finance refunds worth around £1,100

Martin Lewis has hinted that refunds may be on the way for more than 1.2 million people who have used an online tool to generate a complaints letter for possible car finance refunds worth around £1,100.

Martin's first big update that hints that compensation is coming is that Lloyds, owner of Black Horse, has set aside £350m for potential costs and payouts. The other is that the boss of the FCA said last week that "it's improbable its investigation will find no evidence of wrongdoing".Martin wrote in this week's MoneySavingExpert.com newsletter: "Two updates that indicate a payout may be coming.

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