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The Money Shop! Confused...
As many will be aware The Money shop went into receivership and has been trying to sort things out over 2020. I have received a email and an attached letter which states my redress is for 5 loans and in total is potentially £836.66. Obviously I am not daft and the chances of seeing half that amount is slim. But as the letter states I should log on, up date my bank details and accept or reject the offer.
So I log on, the portal says its 22 loans (I know I didnt take that many out) and is potentially worth £1324.43. Again I doubt I will get half in not a quarter of that.
But is there anyone else with such a big difference in their claims?
So I log on, the portal says its 22 loans (I know I didnt take that many out) and is potentially worth £1324.43. Again I doubt I will get half in not a quarter of that.
But is there anyone else with such a big difference in their claims?
Proud to have dealt with our debts
Starting debt 2005 £65.7K.
Current debt ZERO.
Current debt ZERO.
DEBT FREE
0
Comments
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It's across all the sister companies too, or did you only ever use the one brand of PDL company.Mortgage started 2020, aiming to clear 31/12/2029.0
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Actual redress will be in the region of 4%, as per the Wonga payout, don`t expect anywhere near what the actual figure would have been prior to administration.
I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter1
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