Irresponsible lending

Laurajake123
Forumite Posts: 5
Forumite

in Loans
Hi after some advice please so I posted on here few month ago as I received a letter from Barclays partner finance to say they were doing a review of a loan from 9 year ago as they may not have carried out correct affordability checks and as for me to fill out a form stating if received any financial difficulties because of this loan which I did and I made them aware they said they would do a review and write to me within 90 days which they have now done they have advised correct checks were not carried out and apologised and are going to pay me £75 as they have now made me aware this was irresponsible lending should I complain as the financial services state all interest paid plus 8% should be paid or would I not have a right to complain because it was so many years ago.
Thanks for any advice
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Comments
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That wall of words is hard to read, add some punctuation please.First, take responsibility .....0
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Laurajake123 said:
they have advised correct checks were not carried out and apologised and are going to pay me £75 as they have now made me aware this was irresponsible lending should I complain as the financial services state all interest paid plus 8% should be paid
That only applies to redress payments, not to goodwill gestures or a token apology payment.0 -
OP did you repay the original loan or default?0
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The limitation period is 6 years, so you would be out of time to make a complaint now.
Accept the £75 as a consolation payment.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 [email protected]. 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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