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Morses club claims
Good afternoon, I'm hoping someone knows what actually happened with this scheme. I was told to expect some money in September this year but the scheme has all but disappeared, neither the phone number or portal works. There is a page full of information but I do not understand it, as far as I knew it was all sorted last year, can anyone help me please as I've searched online but to no avail, thanks
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Update here:
Morses administration - what is happening to loans · Debt Camel
For those with affordability complaints, they now expect to pay a dividend of 9p in the £, in late 2024, so not much, and it still has to receive FCA approval.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-letter0 -
A lot less than 9p in the £ according to that link which says the Scheme has failed and "Any distribution is expected to be less than 0.9p in the £"sourcrates said:Update here:
Morses administration - what is happening to loans · Debt Camel
For those with affordability complaints, they now expect to pay a dividend of 9p in the £, in late 2024, so not much, and it still has to receive FCA approval.1 -
@ManyWays. If you look at the next paragraph down, there is a more recent update from June 24.ManyWays said:
A lot less than 9p in the £ according to that link which says the Scheme has failed and "Any distribution is expected to be less than 0.9p in the £"sourcrates said:Update here:
Morses administration - what is happening to loans · Debt Camel
For those with affordability complaints, they now expect to pay a dividend of 9p in the £, in late 2024, so not much, and it still has to receive FCA approval.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-letter0 -
Are there any other avenues you can go down to claim as my claim is for just over £6600?0
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No - it will be the same as Amigo - you get 9p in the £1 at the moment - you can't get blood out of a stoneChassis71 said:Are there any other avenues you can go down to claim as my claim is for just over £6600?Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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The debt camel post says "the average distribution to be made to valid scheme claimants to be circa £9.28 "
That is not 9.28%, it is the tiny amount that will be paid out.0 -
I spoke to Ed the lead administrator today and his assistant Jessie , everyone is still getting the money they owed, they saying it will be early next year. It's at court and it's a slow process. Just Google the names of the administrators, all their details can be found online and contact them yourself for reassurance
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Hopefully this is truethetruth1nothingbut said:I spoke to Ed the lead administrator today and his assistant Jessie , everyone is still getting the money they owed, they saying it will be early next year. It's at court and it's a slow process. Just Google the names of the administrators, all their details can be found online and contact them yourself for reassurance0 -
Unfortunately the payment, if any, will be £9.28p in total, to each valid claimant.
Morses administration - what is happening to loans & refunds · Debt Camel
As explained in previous posts.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-letter0 -
Any news on this?0
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