Irresponsible lending: Offer

Ails8809

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

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● Total Waiver Amount: £ 1417.11
● Total Refund Amount £ 1102.9

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● Total Outstanding balance after the redress: £ 0

Yellow_mango

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.

sourcrates

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.