Payday Loans Reclaim Companies

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iarniee
iarniee Posts: 96 Forumite
in Loans
Hi,

Is anyone aware of a company that will help me reclaim any unfair / irresonsible lending loans.

I've used the Resolver tool and believe I had a good case due to my circumstances, being offered multiple loans with different companies when struggling to pay of the current loan I had.

The companies have come back and basically flat out declined my loan.

I lied on the income & expenditure form for some of the loans (don't flame me because I was desperate for the money)

They said proper credit checks were carried out however but they would've seen multiple creditors on my 'credit check'?

Anyone have any advice in relation to this?

Any hate or unhelpful posts will be reported as this has made my mental health deteriorate.

Thanks

Comments

  • ndf9876
    ndf9876 Posts: 404 Forumite
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    You don't technically *need* any help to do it - it's possible to do yourself if you're able (and I would recommend it).

    I'd suggest heading over to https://debtcamel.co.uk/payday-loan-refunds/ for some advice on template letters and next steps.

    Basically the next stage is to escalate the complaint to the Financial Ombudsman Service.
  • iarniee
    iarniee Posts: 96 Forumite
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    ndf9876 wrote: »
    You don't technically *need* any help to do it - it's possible to do yourself if you're able (and I would recommend it).

    I'd suggest heading over to https://debtcamel.co.uk/payday-loan-refunds/ for some advice on template letters and next steps.

    Basically the next stage is to escalate the complaint to the Financial Ombudsman Service.

    Even if they have declined it?
  • sourcrates
    sourcrates Posts: 28,878 Ambassador
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    iarniee wrote: »
    Even if they have declined it?


    Next stage is the FOS, you don`t need any "companies" to help you.


    https://www.financial-ombudsman.org.uk/consumers/how-to-complain
    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
  • ndf9876
    ndf9876 Posts: 404 Forumite
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    iarniee wrote: »
    Even if they have declined it?

    You said "The companies have come back and basically flat out declined my loan" so I take that to mean you complained to the individual lenders, who told you they did nothing wrong.

    It's at that point at which you make your complaints to the Financial Ombudsman Service.

    Check out Debt Camel, it's really helpful and using their advice and templates I had a LOT of success - I'm not exaggerating when I say it turned my life around for the better.
  • iarniee
    iarniee Posts: 96 Forumite
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    ndf9876 wrote: »
    You said "The companies have come back and basically flat out declined my loan" so I take that to mean you complained to the individual lenders, who told you they did nothing wrong.

    It's at that point at which you make your complaints to the Financial Ombudsman Service.

    Check out Debt Camel, it's really helpful and using their advice and templates I had a LOT of success - I'm not exaggerating when I say it turned my life around for the better.

    Okay,

    I just don't know if i'm being too brief in my complaint, I didn't say how it effected my mental health etc was just a complaint about irresponsible lending.
  • ndf9876
    ndf9876 Posts: 404 Forumite
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    When you escalate your complaint to the Financial Ombudsman Service, my suggestion would be to include as much detail as possible, prepare to include things like bank statements from the time you took the loans too.

    Check out that link I posted up, there's a lot of information there.
  • boo_star
    boo_star Posts: 3,202 Forumite
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    iarniee wrote: »
    Okay,

    I just don't know if i'm being too brief in my complaint, I didn't say how it effected my mental health etc was just a complaint about irresponsible lending.

    Did you mention that you lied on the I&E forms too?

    I'd be inclined to drop the complaints if it were me, I wouldn't want a visit from the plod if the companies find out about the fraud.
  • Socajam
    Socajam Posts: 1,238 Forumite
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    I lied on the income & expenditure form for some of the loans (don't flame me because I was desperate for the money)

    You do realize that by lying on the forms and not expecting to claim compensation that its all of us paying for your deceit.
    As boo_star said, drop the complaint and let this be a lesson for your future going forward.
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