reclaiming interest on payday loans after DRO

joseph9a

Hi all,

i did a DRO (debt relief order) it was about 4 years ago so still a couple of years before it comes off my credit report. I think my debts were totalling about £7,000. £4,000 was an overdraft and £1,500 was credir cards and about £1,500 was payday loans

I was in a terrible position mentally, physically and financially and i was getting payday loans to pay off other payday loans. I think it may have been 4 or 5 years i relied on them so I could have borrowed 20,000+

As I have done a DRO is it still possible to claim back the interest?

Also is there anyway I can get old bank statements from barclays which was written off in the DRO.. I had lots of charges from barclays also over approximately 15 years of banking with them. Can i not claim this back now as i have done the DRO. Any advice would be greatly appreciated.

Joe

sourcrates

Hi,

The debts will of been written off by your insolvency, so you may hit a brick wall, however, there is nothing I can find anywhere to stop you trying.

joseph9a

i was thinking the payday loans in my insolvency wont be able to be claimed back. Lets just say from Wonga, Quick Quid and Sunny. So those which were written off i wouldnt be able to claim back but the 20 times i borrowed from these companies previously which contributed toe needing to get a DRO, surely it wouldnt affect those loan?

Another thing im thinking is they may have asked me my financial situation before I applied but i lied on some applications out of desperation so nit sure if this will void any claim of interest back.

Im not sure if I should write to barclays which was in mr DRO and request bank statements that they have in archives and go through them all so I can worl out how much I actually borrowed and who from.. not sure if there is an easier way to do this.

Is there a template letter for dealing with payday loans on here?

Thanks

Willing2Learn

DebtCamel - How to get a payday loan refund (with template letters)

joseph9a

Is there a time limit to when you can claim back. Ive just been in touch with my new bank to see when I opened my new account which was February 2013 and 4 or 5 years before this is was getting payday loans.. So it could go as far back as 10 years since my first payday loan.

Would Barclays still hold bank statements? i did have an account with them for 15 years so id imagine so

Karonher

From the Barclays site

If you receive Online Statements, you can view them online for up to 7 years, as long as the account is still open. If you've closed an account, but still bank with us, statements for that account will be available for up to 5 years.

fatbelly

I've done reclaims post-DRO for ppi. I don't see why you shouldn't do this but expect a bit of an argument.

Here's an interesting thread

https://forums.moneysavingexpert.com/discussion/5450954/dro-ppi

You'll need to read to the end, or at least to the phrase 'Fatbelly was spot on'

sourcrates

fatbelly wrote: »

ysavingexpert.com/showthread.php?t=5450954[/url]

You'll need to read to the end, or at least to the phrase 'Fatbelly was spot on'

As always lol !!