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Reclaiming from QuickQuid

mummystudent
mummystudent Posts: 26 Forumite
Tenth Anniversary 10 Posts Name Dropper Combo Breaker
in Debt-free wannabe
Hi,

I got into a cycle of payday loans a few years ago so I put a complaint in and they came back with an offer on one of over 20 loans - I only complained about 5 loans (significant proportions of my wage and after I got a CCJ).

Has anyone had any success taking it further or do I just take what they've offered?

Thanks

MS
No longer a student - but I don't know how to change my user name, so just call me Dr Mummy.

Comments

  • pof2019
    pof2019 Posts: 15 Forumite
    We got offered £1600 and took it as its better to go on our existing credit card debt now than to fight and wait longer.
    Debt free wannabe :T
  • ndf9876
    ndf9876 Posts: 404 Forumite
    Part of the Furniture 100 Posts Name Dropper
    For what it's worth, anecdotally I'm aware that QuickQuid are one of the more obtuse lenders when it comes to this sort of thing. My suggestion would be to pursue this with the Financial Ombudsman Service.

    Have a look at previous decisions against Casheuronet UK LLC and you'll see what I mean.
  • WhenIam64
    WhenIam64 Posts: 1,052 Forumite
    For what it's worth, anecdotally I'm aware that QuickQuid are one of the more obtuse lenders when it comes to this sort of thing.

    It may be stronger than anecdotally. Definitely check the FOS site.
    Unlike some here, I am not omniscient. If I am wrong correct me. I won't take offence.

    The law is like an ocean - have a swim but don't drown.
  • mummystudent
    mummystudent Posts: 26 Forumite
    Tenth Anniversary 10 Posts Name Dropper Combo Breaker
    Thank you to everyone - have made the complaint but woke up to the news about them closing. Not sure what that means for my complaint with the financial ombudsman.
    No longer a student - but I don't know how to change my user name, so just call me Dr Mummy.
  • WhenIam64
    WhenIam64 Posts: 1,052 Forumite
    Not sure what that means for my complaint with the financial ombudsman.

    It will all come out as part of the wind-down process. Essentially all the loan agreements will be bundled up and sold at a discount to a debt buyer like Intrum. They will look for the good agreements (where debtor knew the terms), and bad agreement (misselling) and "not too sure loans".

    So keep pushing so that you get your's moved to the misspelling pile. Until you are told otherwise all agreements are still legal and binding.
    Unlike some here, I am not omniscient. If I am wrong correct me. I won't take offence.

    The law is like an ocean - have a swim but don't drown.
  • Mnd
    Mnd Posts: 1,699 Forumite
    1,000 Posts Fourth Anniversary Name Dropper
    WhenIam64 wrote: »
    It will all come out as part of the wind-down process. Essentially all the loan agreements will be bundled up and sold at a discount to a debt buyer like Intrum. They will look for the good agreements (where debtor knew the terms), and bad agreement (misselling) and "not too sure loans".

    So keep pushing so that you get your's moved to the misspelling pile. Until you are told otherwise all agreements are still legal and binding.

    Misspelling..brill! :A:A
    No.79 save £12k in 2020. Total end May £11610
    Annual target £24000
  • WhenIam64
    WhenIam64 Posts: 1,052 Forumite
    D'oh. Problem with using a (mis)spelling checker.
    Unlike some here, I am not omniscient. If I am wrong correct me. I won't take offence.

    The law is like an ocean - have a swim but don't drown.
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