Mis-sold customers of Wage Day Advance and Juo Loans won't be given full compensation - MSE News 3 April 2019 at 5:08PM in Loans 8 replies 2.7K views

Former_MSE_Naomi

Administrators for payday loan providers Wage Day Advance and Juo Loans, which collapsed in February, have admitted that customers who are owed compensation will only receive a "partial payment" for their claims...

Read the full story:
'Mis-sold customers of Wage Day Advance and Juo Loans won't be given full compensation'

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System

Yes we know, you keep telling us and we keep telling you that if a company has gone bust and has little to no assets then people aren't going to be getting much if anything at all.

Getting a little tedious reading these so called revelations.

stalkah

I've had an email today from KPMG about a redress claim unpaid from Wage day advance, outstanding from many years. It seems like they have all my information, name, address, bank info it links back to KPMG so seems pretty legit. They're just asking me to submit the claim with them.

Has anyone else had this?

Willing2Learn

Yes - See the link below

https://forums.moneysavingexpert.com/showthread.php?t=5986161

fatbelly

Debt Camel article

https://debtcamel.co.uk/wageday-advance-wda-administration-sale-morses-club/

septemberbaby

I also have had an email and it states the amount i am owed also.
My worry to completing this is that it may affect my mortgage that we have just had approved and are in the proccess of house purchase. Could bringing something like this up affect me

zx81

It affected you when you took out the pay day loan.

Subsequent redress doesn't get recorded on credit files.

septemberbaby

thanks for that.
my hubby seems to think it would open up a can of worms

fatbelly

septemberbaby wrote: »

I also have had an email and it states the amount i am owed also.
My worry to completing this is that it may affect my mortgage that we have just had approved and are in the proccess of house purchase. Could bringing something like this up affect me

septemberbaby wrote: »

my hubby seems to think it would open up a can of worms

There's no downside to it as far as I can see. The more people who decline to engage with the process the bigger payout for those who do!