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Reclaim payday loans for free discussion area

edited 30 November -1 at 1:00AM in Loans
124 replies 24.5K views
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  • antrobusantrobus Forumite
    17.4K posts
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    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?
  • antrobus wrote: »
    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?
    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.
  • BermoniaBermonia Forumite
    977 posts
    500 Posts
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    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.
  • NasqueronNasqueron Forumite
    7.7K posts
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    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 debt
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  • 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
  • antrobusantrobus Forumite
    17.4K posts
    ✭✭✭✭✭
    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?
  • Turtle87Turtle87 Forumite
    38 posts
    Yes they day. Even if they are instalment loans you can still reclaim;

    https://debtcamel.co.uk/refunds-large-high-cost-loans/
  • 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.
  • zx81zx81 Forumite
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    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.
  • zx81 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.
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