Safety net credit Fos

I made a complaint against safety net credit for miss selling me a loan I couldn't afford. They offered to write off my balance and give Me £2500 back. They didn't at the time tell me how they had worked this out and dint Give me the figures for how much interest I had paid and didnt Give me an 8% interest figure. 
At the time I was desperate so accepted. I then subsequently found out I at paid over £10000 of interest to them over 4 years! 
My question being as I have accepted their original offer and had The money paid will the FOS look at my complaint and how It was dealt with? Or will they diss miss because I accepted the offer from safety net 


  • brettctabrettcta Forumite
    4.7K Posts
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    They won’t decline it because you’ve accepted an offer but they will decline it if safety net’s final response letter was over 6 months ago.
    helpful tips
    it's spelt d-e-f-i-n-i-t-e-l-y
    there - 'in or at that place'
    their - 'owned by them'
    they're - 'they are'
    it's bought not brought (i just bought my chicken a suit from that new shop for £6.34)
  • Loans are expensive, particularly pay day style ones, you pay a lot of interest if you don't pay the debt back quickly. That you paid £10000 to them for a £2500 loan doesn't mean they owe you all the interest back. Even the FOS accept that even if the loan was considered miss-sold, the basic fact is that you still had the benefit of the money and it's fair to say you need to pay that back in most circumstances.
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