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Payday Loan Refunds Question

Hi guys,

I've lately been seeing several ads going about Facebook about claiming refunds from payday loan companies. To cut a long story short I have entered into a DMP and wondering if it will be worthwhile going through with these companies services?

Cheers!

Comments

  • tykesi
    tykesi Posts: 2,061 Forumite
    1,000 Posts Combo Breaker
    Have you seen them advertising anywhere else? There's a reason companies advertise on Facebook. Why do you think you should be refunded?
  • Bazy
    Bazy Posts: 22 Forumite
    Seventh Anniversary 10 Posts Name Dropper Combo Breaker
    mspeight wrote: »
    Hi guys,

    I've lately been seeing several ads going about Facebook about claiming refunds from payday loan companies. To cut a long story short I have entered into a DMP and wondering if it will be worthwhile going through with these companies services?

    Cheers!




    Do not go through any of these companies. Do it yourself it will take no longer than 20 minutes. Go to google and type in 'Debt Camel Pay Day loan refund'. You will find a template and it is only a matter of adding in your own info.


    Read some of the comments also, a lot of people have been very successful using this (including myself). Good luck!
  • sourcrates
    sourcrates Posts: 32,383 Ambassador
    Part of the Furniture 10,000 Posts I've been Money Tipped! Name Dropper
    edited 15 December 2017 at 1:34PM
    mspeight wrote: »
    Hi guys,

    I've lately been seeing several ads going about Facebook about claiming refunds from payday loan companies. To cut a long story short I have entered into a DMP and wondering if it will be worthwhile going through with these companies services?

    Cheers!

    Ignore things you see on Facebook, they are all claims management companies who will charge you a hefty fee for writing a letter, usually around 30% of what they claim back, avoid like the plague.

    Use a reputable free self service site such as this one, it is owned by two solicitors, who give there time and advice for free :

    https://debtcamel.co.uk/payday-loan-refunds/
    I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter
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