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  • FIRST POST
    • woody53
    • By woody53 17th Jul 15, 9:32 PM
    • 28Posts
    • 69Thanks
    woody53
    Reclaiming money back from various payday loan companies
    • #1
    • 17th Jul 15, 9:32 PM
    Reclaiming money back from various payday loan companies 17th Jul 15 at 9:32 PM
    Hi all just wanted to share some good news regarding payday loan companies.....
    From early 2011 until mid 2014 I too was caught in the payday loan trap, all my own fault may I add, I borrow the money and in the end paid every penny back, would estimate 15000 over the years maybe 20.
    Early this year I saw all the news regarding payday loan companies and irresponsible lending, unfair interest etc etc etc, so I decided to have ago and try and get a few quid back myself.
    So far I have been in contact with 5 of the companies I was lending multiple loans from at the same time with many roll overs too, I have received 4 apologies and offers totalling over 5000 and the other complaint is now with the ombudsman.
    I never expected these amounts back but if you too were in the same situation, get all your facts in order and get complaining, from the initial email sent I had the money back within 8 weeks.
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    • avenger786
    • By avenger786 27th Nov 17, 5:28 PM
    • 2 Posts
    • 0 Thanks
    avenger786
    Of course she/he should claim the interest overpayments etc back. Its her money afterall.
    • baggybreeches
    • By baggybreeches 28th Nov 17, 8:52 PM
    • 39 Posts
    • 121 Thanks
    baggybreeches
    Hi Nicwhit87 I have messaged you a template to use. Fill in as best you can and send it off, some companies came back to me within a week or two, others have taken a full 8 weeks, some made me offers and others rejected my appeal, the ones who rejected my complaints have been referred to the FOS (which may take a long time but I haven't got anything to lose by trying). Anything you want to ask feel free but I don't often get on here every day (but I will get back to you) so someone else will usually step in to answer your questions xx
    • JohnnyJohnny
    • By JohnnyJohnny 1st Dec 17, 7:25 PM
    • 12 Posts
    • 3 Thanks
    JohnnyJohnny
    Hey guys

    I've just added up my Wonga interest. Between November 2009 and Oct 2013 i had 54 loans from them, plenty of rollovers and full payments only to borrow the max an hour later. The interest I've paid is £11168.92.

    Do you think I've got a good case for irresponsible lending? Should I go for all the interest repayed even though £3500 of the interest is from loans over 6 years ago?

    Any advice appreciated
    • what an idiot
    • By what an idiot 2nd Dec 17, 10:29 AM
    • 42 Posts
    • 17 Thanks
    what an idiot
    Hey guys

    I've just added up my Wonga interest. Between November 2009 and Oct 2013 i had 54 loans from them, plenty of rollovers and full payments only to borrow the max an hour later. The interest I've paid is £11168.92.

    Do you think I've got a good case for irresponsible lending? Should I go for all the interest repayed even though £3500 of the interest is from loans over 6 years ago?

    Any advice appreciated
    Originally posted by JohnnyJohnny


    For me this depends on how quickly you need the money. I would submit your initial complaint to include everything. If Wonga don't provide you with an offer you are prepared to accept and you need to raise to the FOS I would suggest you work it out then. By that point Wonga may have come to an agreement with the FOS on loans over 6 years. If this isn't the case you can decide then to drop those loans to speed things up, or you can put your feet up and wait.
    Smiling and waving
    • baggybreeches
    • By baggybreeches 4th Dec 17, 7:43 PM
    • 39 Posts
    • 121 Thanks
    baggybreeches
    For me this depends on how quickly you need the money. I would submit your initial complaint to include everything. If Wonga don't provide you with an offer you are prepared to accept and you need to raise to the FOS I would suggest you work it out then. By that point Wonga may have come to an agreement with the FOS on loans over 6 years. If this isn't the case you can decide then to drop those loans to speed things up, or you can put your feet up and wait.
    Originally posted by what an idiot
    Yes this! I have picked my fights based on the likely success and the speed with which I can get a result, some I have accepted small token refunds or a credit file correction, others I have held out for more, I am now at the sitting and waiting stage with 5 PDLs at FOS.
    • Tinac1
    • By Tinac1 5th Dec 17, 4:21 AM
    • 1 Posts
    • 0 Thanks
    Tinac1
    Claim
    Does anyone have a template for claiming from these PD companies please?

    Thanks
    • what an idiot
    • By what an idiot 5th Dec 17, 11:25 AM
    • 42 Posts
    • 17 Thanks
    what an idiot
    Does anyone have a template for claiming from these PD companies please?

    Thanks
    Originally posted by Tinac1
    Hi,
    You should check a site called Debt Camel that holds a template and adapt it to suit your circumstances
    Smiling and waving
    • baggybreeches
    • By baggybreeches 5th Dec 17, 12:38 PM
    • 39 Posts
    • 121 Thanks
    baggybreeches
    Further update, PDUK
    Hi all, just dipping to say I have had an offer from PayDay UK of £349 for a return of interest on two loans. I have accepted this as it will come in handy for the upcoming season ;-)
    Still got a couple more to respond and 6 with the FOS in various states of progress.
    • captain redvers
    • By captain redvers 6th Dec 17, 4:13 PM
    • 1 Posts
    • 0 Thanks
    captain redvers
    Help
    Hi All,

    I had a real torrid time a few years ago.
    Ive been threw my statements, and i borrowed nearly £80k over a 5 years period.
    I was being bailed out by family, and eventually lost my house.

    Im now looking to reclaim this money, i had nearly £30k with wonga alone.

    So guidance from people who have been through something similar would be appreciated.
    • Lisa37
    • By Lisa37 12th Dec 17, 9:56 AM
    • 2 Posts
    • 0 Thanks
    Lisa37
    I just want some advice really I have complained about my payday loan to swift sterling and they are willing to write off the remainder of my balance but not sure if to pursue it further with the Ombudsman. Just when I look at how much interest I was charged and how much I paid not sure whether to pursue it further? Any advice
    • Blissy1990
    • By Blissy1990 17th Dec 17, 4:10 PM
    • 1 Posts
    • 0 Thanks
    Blissy1990
    Complaints template
    Does anyone have a template for me to work with to write a complaint to safetynet credit please would really appreciate it.

    Thank you in advance
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