Has anyone ever made an unaffordable lending claim?

Lemons677777182828

Any advice on how to go about an unaffordable lending claim? I was given a credit card at 18 for into £3k debt and was never able to pay if off, debt got sold to PRA and I was given a CCJ about two years ago. I want to get it removed as I believe it was irresponsible for them to lend me that when I had no clue about money! 

Do i complain to barclay card first or PRA? 

DullGreyGuy

Lemons677777182828 said:

Do i complain to barclay card first or PRA? 

Bank

PRA deals with the financial stability of financial institutions like banks and insurance companies

If you arent happy with the decision of the bank, or more than 8 weeks pass before you receive their final response, then your escalation point is the Financial Ombudsman. 

MEM62

Lemons677777182828 said:

Do i complain to barclay card first or PRA? 

You submit a claim to Barclaycard in the first instance.  However, this needs to be based on your ability to pay pack what you borrowed.  i.e. Was your income sufficient for the credit limit they set etc.  You cannot claim irresponsible lending based on "it was irresponsible for them to lend me that when I had no clue about money!" as it is not reasonable to expect Barclaycard to know whether you are financially clueless or not.  It is certainly not Barclaycard's fault that it got as far as a CCJ.       

MattMattMattUK

Lemons677777182828 said:

Any advice on how to go about an unaffordable lending claim? I was given a credit card at 18 for into £3k debt and was never able to pay if off, debt got sold to PRA and I was given a CCJ about two years ago. I want to get it removed as I believe it was irresponsible for them to lend me that when I had no clue about money! 

Do i complain to barclay card first or PRA? 

Just be aware that you having "no clue about money" is not one of the criteria for unaffordable/irresponsible lending. That is based on affordability or the consumer being in financial distress (already having high debts), not them having no understanding of their finances.

ManyWays

DullGreyGuy said:

Lemons677777182828 said:

Do i complain to barclay card first or PRA? 

Bank

PRA deals with the financial stability of financial institutions like banks and insurance companies

If you arent happy with the decision of the bank, or more than 8 weeks pass before you receive their final response, then your escalation point is the Financial Ombudsman. 

In this context PRA is the name of the debt collector that has bought the debt, not the regulator with those initials

eskbanker

Lemons677777182828 said:

I was given a credit card at 18 for into £3k debt and was never able to pay if off

Did you have to apply for the card or were you literally given it?  What did you declare as your income, and was the £3K limit there from the outset or gradually increased to that?

born_again

Lemons677777182828 said:

Any advice on how to go about an unaffordable lending claim? I was given a credit card at 18 for into £3k debt and was never able to pay if off, debt got sold to PRA and I was given a CCJ about two years ago. I want to get it removed as I believe it was irresponsible for them to lend me that when I had no clue about money! 

Do i complain to barclay card first or PRA? 

So when were you 18?
How much were you earing at the time?

Not having a clue about money is not Unaffordable Lending.

superbigal

Lemons677777182828 said:

Any advice on how to go about an unaffordable lending claim? I was given a credit card at 18 for into £3k debt and was never able to pay if off, debt got sold to PRA and I was given a CCJ about two years ago. I want to get it removed as I believe it was irresponsible for them to lend me that when I had no clue about money! 

Do i complain to barclay card first or PRA? 

Ensure you did not tell any porkies on the original application before claiming.