Irresponsible lending: Offer

in Debt-free wannabe
2 replies 1.2K views
Hi,

I was offered the below from an irresponsible lending claim but I'm struggling to understand what I can actually expect to get. Does anyone with experience know what all there terms mean, including waiver etc

Total Owed to you £ 2520.01
● Total Waiver Amount: £ 1417.11
● Total Refund Amount £ 1102.9
● Total Outstanding balance after the redress: £ 0

Replies

  • I think that your current balance is / was £1417.11. They are writing this off (waiving it) so you no longer owe it.

    They are also refunding you £1102.90 (of interest or payments you have already paid?). This is the amount you will actually receive.
  • sourcratessourcrates Forumite
    26.3K Posts
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Forumite
    I concur, £1102.90 should be your refund.

    I had your post moved over here as these kind of posts get contentious responses in the forum you originally posted in.
    Ex MSE Board Guide.

    More than a third of IVA`s fail....fact.
    Could A Debt Relief Order help you ?
    Never pay a fee for a Debt Management Plan.
    For free non-judgemental debt advice, contact either : Stepchange, National Debtline, or CitizensAdviceBureaux.
This discussion has been closed.
Latest MSE News and Guides

Check your Clubcard vouchers

Use our trick to extend them

MSE News

Preparing for summer

What MoneySaving things can you do now to get ready?

MSE Forum

Hot Diamonds 40% off code

Including already-reduced outlet stock

MSE Deals