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Reclaim payday loans for free discussion area

edited 30 November -1 at 12:00AM in Loans
132 replies 26.3K views
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  • Bozena1966Bozena1966 Forumite
    1 posts
    First Post
    MoneySaving Newbie
    Hi I have contacted Company Cash Converters  as in a past had several loans from them . the last one was in 2016 and i have evidence  for this . I have sent complain and their response was that they are happy to process 2016 complain but they cannot provide me with any earlier on taken loans before 6 years back . The last loan been paid via bank where loans before this only with cash.  I cannot find any old documents to proove my rights. Please I would ask you for advice.  Thank you 
  • gingaJgingaJ Forumite
    1 posts
    First Post
    MoneySaving Newbie
    If you have had a claim for mid sold pay day loan partially upheld by a lender should you challenge this further with the Ombudsman?

    I have received an offer where they say they were only responsible after my 14th lending and will refund from that point only with the 8% interest applied.

    They also say there is a possibility the ombudsman may say they acted properly and they would then remove the offer.

    Is this possible or are they trying to scare me into their opening offer?

  • zx81zx81 Forumite
    31.3K posts
    Tenth Anniversary 10,000 Posts Photogenic Name Dropper
    ✭✭✭✭✭
    You can escalate to FOS if you want.  

    There's a possibliity that FOS decide no refund at all is necessary, but that's unlikely unless the offer of redress is purely goodwill.
  • hobnobgtihobnobgti Forumite
    15 posts
    10 Posts Second Anniversary
    Hi all, on Friday 4th I received a final offer of a refund of over £5000 from Lending Stream which I accepted through their website. I could swear at the time it said the money would reach me in just a few days as I remember being pleasantly surprised about that - however I can no longer access that page and the only timescale on the original offer letter was for the loans to be removed from my credit report which can take up to 45 days. I contacted LS who advised a maximum of 28 days to receive the refund - if that's the case that's fine but I'm just sure it originally said it would be quicker than that.
    Could any others here advise how long it took you to receive your refund from Lending Stream once you had accepted? Do they make you wait the full 28 days or sometimes pay back quicker? Thanks
  • adamp87adamp87 Forumite
    456 posts
    100 Posts Name Dropper
    ✭✭
    hobnobgti said:
    Hi all, on Friday 4th I received a final offer of a refund of over £5000 from Lending Stream which I accepted through their website. I could swear at the time it said the money would reach me in just a few days as I remember being pleasantly surprised about that - however I can no longer access that page and the only timescale on the original offer letter was for the loans to be removed from my credit report which can take up to 45 days. I contacted LS who advised a maximum of 28 days to receive the refund - if that's the case that's fine but I'm just sure it originally said it would be quicker than that.
    Could any others here advise how long it took you to receive your refund from Lending Stream once you had accepted? Do they make you wait the full 28 days or sometimes pay back quicker? Thanks
    Looking at the article on Debtcamel you could be waiting up until the 28th day..
  • hobnobgtihobnobgti Forumite
    15 posts
    10 Posts Second Anniversary
    Some positive news re Lending Stream, having accepted the offer Friday the money was in my account this morning so they seem to have improved their paying out a lot.
  • kmcadamkmcadam Forumite
    4 posts
    Fourth Anniversary First Post
    MoneySaving Newbie
    I have made a claim to amigo loans for loans paid that I couldn’t afford. This was on July 10th, now 13 weeks later I still have no decision, every time I email asking for an update they keep saying it’s a complicated case and it may take more time. I am unsure what to do? Should I keep waiting or refer to the ombudsman? Any advice would be appreciated, thanks 
  • LO3LO3 Forumite
    2 posts
    First Post
    MoneySaving Newbie
    Hi guys, I'm new to this forum please has anyone had experience of payday loan lending with H and T pawnbrokers Brighton from 2008- 2010? My case is with the FOS  and under consideration. The company is denying the fact that in the past before the govt reforms of payday loans, when you borrow money from them you aren't given the exact amount of you requested for. Say you want to borrow £750, the company will give you £555 and when paying back you pay £750 and when you cannot pay the money on your next payday you have to pay £32.50 per cheque for £750 you borrowed. Please does anyone have an idea or experience with this company so I could prove my case?Please help anyone!!!! 
    Thanks a lot. 

  • LO3LO3 Forumite
    2 posts
    First Post
    MoneySaving Newbie
    Hi guys it's me again. please I need your help urgently.i have just started my claims against h and t. I'm wondering if any one has an experience of in-store payday loans prior to 2010 with this company? I have explained that they don't usually lend you the exact amount you request for, as they have to take their interest upfront. Have anyone ever had experience of this in-store? Please help out!!!  Any advice would be much appreciated.
    Thanks alot.
  • chrismoore1983chrismoore1983 Forumite
    3 posts
    Part of the Furniture First Post Combo Breaker
    MoneySaving Newbie
    Hello all,
    I’m glad I stumbled across this post! I will try and keep my question brief.  Basically like a lot of other people my finances took a bit of a nose dive last year.  I am know starting to get back on my feet.  I took out a £1000 loan with safety net credit and I am very happy with the way it is being sold, the essentially force me to take out another loan with them every month.  I feel I have a very strong case and would like to raise a complaint with resolver, the only issue of concern for me is if they can take back the full loan repayment at once as this would cause huge financial difficulty.  If anyone has any advice I would greatly appreciate it.  Thank you
    Chris 
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