Have you had success reclaiming from a mis-sold payday loan?

MSE_Laura_F
MSE_Laura_F Community Admin Posts: 1,549
1,000 Posts Fourth Anniversary Photogenic Name Dropper
Community Admin
In 2018 MSE published the guide:

Reclaim payday & other short-term bad credit loans:
Get £100s or £1,000s back for mis-selling without using a claims firm

Have you managed to make a successful claim against a payday loan company? I'd like to hear your stories.

Comments

  • samuel22
    samuel22 Forumite Posts: 11
    Third Anniversary First Post
    Forumite
    I've won my claim against:

    QuickQuid - complaint not upheld by QQ, but was upheld by the FOS in 2019. Still awaiting payment following their administration, which should be this month.

    Lending Stream - sent a complaint via their website on the 5th of April 2022. Upheld and refund in the bank the following week. 

    Satsuma - sent a claim to their administrators which was upheld. Probably take a while for payment but this is only a tiny amount. 

    Fernovo - was partially upheld. Received a small refund and credit information removed.

    Currently awaiting responses from Cash4uNow, Mr Lender and ShopDirect (Very).

    I was in a really bad financial situation a few years ago, hence the claims. I know ultimately it was my fault taking out all of this credit.
  • MSE_Laura_F
    MSE_Laura_F Community Admin Posts: 1,549
    1,000 Posts Fourth Anniversary Photogenic Name Dropper
    Community Admin
    Hello @samuel22, I'm pleased for you that were able to get some money back. Please update us when you get responses from the rest.
  • leslieleee
    leslieleee Forumite Posts: 9
    First Post
    Forumite
    Hi there, I’ve just received the final reply from Fernovo as well. A very small refund, approx 10% of the interest that I’ve paid but seems that they only do small refund?
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