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  • sourcrates
    sourcrates Posts: 32,223 Ambassador
    Part of the Furniture 10,000 Posts I've been Money Tipped! Name Dropper
    lauram999 said:
    Any news on this?

    In March 2024, the administrators have sold or written off all outstanding loans.

    It is now expected that people who were promised refunds of hundreds or thousands of pounds in the Scheme will now only get a very small amount. the average is expected to be just £9.

    The most recent administrators’ progress report in December 2024 still does not have a date when the distribution will be made.

    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-letter
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