Student loans and pensions

Was talking to a friend about reclaiming and he was asking how it works if the loan was taken out but wasn't paid back due to him being unable to pay it back?

Another success today, safety net have wiped my existing balance, only a small one of £340 ish but none the less still happy with it and have accepted

Further update on mine (8 week deadline 10th October)

Wonga - have confirmed they're paying out in the next 14 working days.

Wage Day Advance - weird email from them today. In my initial complaint I used the 'I only found out I could make this complaint in August 17' line from the DC template as some of my loans are over 6 years old. WDA wanted to know how it was only in Aug 2017 that I made the complaint and not earlier....I asked why this was relevant and they said it was because some of my loans were over 6 years old and therefore 'statute barred' so they needed to know. I've replied to them saying that I was reviewing my finances this year and someone told me I could make a complaint. Not heard back from them since this morning. The emails are from an individual member of staff at WDA and not the generic 'complaints' address so looks like a decision could be imminent.

Sunny - straight up rejection, brief email - 'checks were done at account opening/info we had accounted for defaults on the credit file' etc - totally ignoring that my complaint was about the numerous reloans/rollovers that they authorised. Hilariously the email says that they have just made the decision to not offer any further credit to me - I've been on a reduced payment plan due to hardship with them for 6 months and it's only now that they've decided I'm not further credit worthy?!? If that's not an indication of irresponsible lending I don't know what is....

Sunny have been by far the least helpful and most obstructive, they are the only ones that haven't provided my lending history despite me asking for it 3 times (not even acknowledged).

I've replied to them asking them to actually address the points I've raised and saying I will be going to the FOS.

Expecting and offer from WDA but looks like could be going the distance with Sunny

Bluetonic123 wrote: »

Just to let you guys know that the ombudsman has reviewed my complaint for 247moneybox and agrees with the adjudicator that they should refund interest on most of my loans. They didn't even bother to respond to the adjudicator so if you are in this position don't give up.

Only Wonga to go now :-)

I received an email yesterday from 247 moneybox which was pretty damning of the fact I had used a template to write to them, I have responded with an outline case as the ombudsman would see it and attached bank statements. I will keep you posted of any further update on this.
I've also received an offer from Peachy for the interest on loans ~1&2 with them which amount to £66.67, I have counter offered loans 2,3 & 4 interest which amounts £280.67 so I will see what they come back with

cclem345 wrote: »

Got word back from Ferratum today. Rejected the claim of irresponsible lending however refunded me back £100 goodwill.

My total interest was only about £160.00 and most of the loans weren't actually unaffordable.

Something I never thought id see but happy days.

Matt_C74 wrote: »

Oh and Wonga confirmed they would remove everything from my credit file too ��

Im in a similar posistion with myjar, they have contacted me today with an offer of £84 for interest on my 6 loans but only for loans 4,5,6. However ive a outstanding balance with them and they will put this against it and leave me with £300 to pay to the debt collectors. I dont feel this is acceptable and woould love them to wipe the debt and be done. Any advice?