247 Moneybox Redress

Mal85

Hi Guys

Had a loan with this crowd 4 years back, defaulted on it. They sent me an email a few days ago telling me to log into see my redress claim. Cant remember doing one, Logged into the below messege. What does it mean?? Do I owe them £300 now instead of the £800 or is that loan being wiped?? It mentions on the FAQ all successful redress claims are removed from the CRA's. There is a dead line to accept. Not sure what to do or what It means, any help would be appreciated.

Redress Assessment

The Joint Administrators have assessed the loan(s) advanced to you and have determined that you are entitled to redress.

Revised balance still owed: £300.00
Total calculated claim amount: £0.00

sourcrates

Yes, as it states, you now owe them £300 instead of your previous balance.

Tantastic110

I posted earlier, however I appear to be in a better state where the balance owed is £0 and the total calculated claim amount is just under £2k.

sourcrates

See my reply on your other post.

Alexpipps

sourcrates said:

See my reply on your other post.

Hello my calculated claim amount was just over 1000 have have many people already got a redress if so what percentage? It is likely I will get something?

Caz3121

I have not seen any reports on a % being finalised....if similar to Wonga model maybe get about £40 back
https://forums.moneysavingexpert.com/discussion/6221329/24-7-moneybox-redress#latest

Alexpipps

Caz3121 said:

I have not seen any reports on a % being finalised....if similar to Wonga model maybe get about £40 back
https://forums.moneysavingexpert.com/discussion/6221329/24-7-moneybox-redress#latest

Substantially smaller is a still smaller then I was hoping haha