We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Reclaim payday loans for free discussion area
Options
Comments
-
Jakethefatman wrote: »Hi Folks
Quick question,can claiming against a defaulted but time barred pay day loan bring it back to being unbarred so to speak? been looking through my credit file and see i have a few that were defaulted but have now ended. is it better to let sleeping dogs lie?
Many thanks in advance
If the debt is on your credit file it will be less than six years old and thus not time barred.
What would you be claiming for against a defaulted loan?0 -
If the debt is on your credit file it will be less than six years old and thus not time barred.
What would you be claiming for against a defaulted loan?0 -
To stop time bar you simply need to acknowledge the debt... I wouldn’t certainly say that lodging a complaint would likely be deemed as acknowledgement.0
-
Jakethefatman wrote: »Not necessarily as I can go back further than 6 years when they dropped off. Im asking as I got an email from those that are dealing with wonga saying I could be due a refund so thought I'd look at the others I had at the time. Patently couldn't afford them but didn't seem to have many choices.
Assuming it was defaulted and not paid, if they agree it was miss-sold they might offset any refund against the unpaid debtSam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
0 -
That’s great news. I have just had my final response from
Lending stream saying no fault on their part. Will complain to ombudsman and your success gives me hope. If I am successful it could more than 35000 -
rodgerramjet wrote: »That’s great news. I have just had my final response from
Lending stream saying no fault on their part. Will complain to ombudsman and your success gives me hope. If I am successful it could more than 3500
Lending Stream don't do payday loans. Did they offer them in the past?0 -
Yes they day. Even if they are instalment loans you can still reclaim;
https://debtcamel.co.uk/refunds-large-high-cost-loans/0 -
Hi everyone - just to say that I'm currently using Resolver with my paydayloans claims. I've had several over the years and I've felt that my life has been falling apart. It's made me so very ill that I've hidden away and become almost reclusive. Today I have received a reply from quickquid, via resolver, who 'say'they are refunding me a good chunk of the money. If I do get this it will be an incredible help towards bills that I am currently struggling with so I'm keeping my fingers crossed that I will actually get a refund and that quickquid won't actually use it to offset anything I've already paid to them. Their response has me a little confused. I just wondered if anyone else had a refund via resolver and how long it took to be paid into their account. I'm keeping everything crossed that I will get this so I can at least sleep a little easier. Thank you.0
-
It won't be offset against what you paid to them, but could be used to offset anything you haven't paid them, if you didn't repay in full.
The refund won't come via Resolver - it's just an interim email provider that occasionally loses emails. The refund will come directly from the lender.0 -
Deleted_User wrote: »It won't be offset against what you paid to them, but could be used to offset anything you haven't paid them, if you didn't repay in full.
The refund won't come via Resolver - it's just an interim email provider that occasionally loses emails. The refund will come directly from the lender.
Thank you for your response. The email received from them reads:
Interest and fees eligible for refund: £3104.32
plus 8% statutory interest: £1524.31
less 20% withholding: £304.85
Total owed to you: £4323.78
Total waiver amount:£1000
Total refund amount: £3323.78
Total outstanding balance after redress:£0
So am I getting a refund of £3323.78 or a refund of £0?
I'm just so confused by all the legal wording.
Thanks again.0
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 598.9K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards