Student loans and pensions

2catsandcounting

Was going through my bank statements to send to FOS adjudicator, and noticed i had nearly £1000 in unplanned overdraft charges over the course of 2014. i had no idea of this at the time, my head was buried in the sand... has anyone over here any success in claiming unplanned overdraft charges? I went over to the reclaim bank charges forum, but they weren't as friendly the people of here and were all very negative, and defintately not as supportive so i didn't dare post

Fergie42

Hi all
Just a quick update. After success with My Jar I have had a final offer from Lending Stream due to a 'procedural error' their end and interest on all 3 loans totalling £270 to be refunded.
Just waiting for the usual suspects now - QQ, PDUK and Wonga are the biggies.
Good luck everyone and keep at it

MARKOS72

Fergie42 wrote: »

Hi all
Just a quick update. After success with My Jar I have had a final offer from Lending Stream due to a 'procedural error' their end and interest on all 3 loans totalling £270 to be refunded.
Just waiting for the usual suspects now - QQ, PDUK and Wonga are the biggies.
Good luck everyone and keep at it

8 weeks was reached yesterday with QQ,no response as of yet.

fusionx212

Well wonga, Finally supplied my statements after contacting their twitter feeds on the site.

recalculated the amount I am challenging for on all loans between 2011 to 2014 charges and interest come over 4k.

I have put this all in a letter and added 8% interest as per the FOS recommendation.. I also provided a snippet of my credit report which shows 25+ loans with wonga highest being nearly £1500 quid, whilst I was earning a salary of nearly 1600-1800 I was caught in the massive trap of them. I also had other payday loans along side these which I have challenged with Peachy and QQ. then all of a sudden after the FCA did a ruling against wonga and the affordability criteria I was cut off from borrowing from them suddenly after paying a massive lump sum off. I have asked wonga to remove all traces of PDL'S from my credit report also as the charges were excessive and unfair and wonga allowed me to continually roll over £1000 pound loans.

Pete_Star

Ginger.ice wrote: »

There are two main credit reference agencies - Equifax and Call Credit. Some lenders use both and report to both, others just use one and only report to one.


Experian use Equifax so you basically have two of the same report. Noddle uses Call credit. Most payday lenders will also only use call credit.


I would recommend checkmyfile.com which I believe is the only one to provide you with reports from both simultaneously. You should be able to get a free trial.

Actually, there are three separate credit agencies:
Experian
Equifax (get a free monthly report from clearscore.com)
Call Credit (get a free monthly report from Noddle.co.uk)

Experian and Equifax are the biggest two, but definitely separate companies although they will usually show very similar data. However, one of my lenders only reports to Experian and not to Equifax, for example.

You can also order a single credit report from both of these for £2 without having to sign up for any more expensive offers.

Cheers
Pete

Delete33

Good Information Pete:T:cool:

MARKOS72

8 weeks now passed and no response from QQ.
Gonna give it a few more days then chase them up...

Ginger.ice

Happy little update -


It's taken a while (about 12 weeks since raising the complaint with the FOS) but the adjudicator has provided his opinion. He has ruled that both QQ and PTP acted irresponsibly in all but the first few loans. Total redress is just shy of 2k.


Within this amount is £250 (QQ) and £100 (PTP) for distress caused. The QQ one is higher because they once emptied my bank account without any warning to pay off a loan that had been rolled over.


The lender has been given 2 weeks to argue the findings. Hopefully they won't.


This will take the total amount recovered to over £5k. And still about 5 complaints outstanding.

MARKOS72

Ginger.ice wrote: »

Happy little update -


It's taken a while (about 12 weeks since raising the complaint with the FOS) but the adjudicator has provided his opinion. He has ruled that both QQ and PTP acted irresponsibly in all but the first few loans. Total redress is just shy of 2k.


Within this amount is £250 (QQ) and £100 (PTP) for distress caused. The QQ one is higher because they once emptied my bank account without any warning to pay off a loan that had been rolled over.


The lender has been given 2 weeks to argue the findings. Hopefully they won't.


This will take the total amount recovered to over £5k. And still about 5 complaints outstanding.

Well done,nice one

Ginger.ice

They have also been ordered to remove all traces of these loans from my credit file. Which means I will go down from 5 defaults to 3. This may not make a huge difference but its definitely better than nothing.