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  • FIRST POST
    • woody53
    • By woody53 17th Jul 15, 9:32 PM
    • 31Posts
    • 76Thanks
    woody53
    Reclaiming money back from various payday loan companies
    • #1
    • 17th Jul 15, 9:32 PM
    Reclaiming money back from various payday loan companies 17th Jul 15 at 9:32 PM
    Hi all just wanted to share some good news regarding payday loan companies.....
    From early 2011 until mid 2014 I too was caught in the payday loan trap, all my own fault may I add, I borrow the money and in the end paid every penny back, would estimate 15000 over the years maybe 20.
    Early this year I saw all the news regarding payday loan companies and irresponsible lending, unfair interest etc etc etc, so I decided to have ago and try and get a few quid back myself.
    So far I have been in contact with 5 of the companies I was lending multiple loans from at the same time with many roll overs too, I have received 4 apologies and offers totalling over 5000 and the other complaint is now with the ombudsman.
    I never expected these amounts back but if you too were in the same situation, get all your facts in order and get complaining, from the initial email sent I had the money back within 8 weeks.
Page 178
    • Jpj2019
    • By Jpj2019 10th Sep 19, 12:49 PM
    • 2 Posts
    • 1 Thanks
    Jpj2019
    I have recently started claims, including Mr Lender and SafetyNet Credit.

    Mr Lender asked for further information as to what my claim was and Safetynet Credit rejected my claim, which I have taken further with the Financial Ombudsman and I'm currently awaiting a response.
    Originally posted by SSD92
    Ive had a response to all of them, Mr lender asked why i felt the need to complain and there now looking in to it, Safetynet just replied that they will investigate.
    MY jar decided to ask me for statements and payslips, in which i refused to send them as all the information needed is with them.
    Hope you have luck!
    • super_saver123
    • By super_saver123 30th Sep 19, 12:25 PM
    • 21 Posts
    • 7 Thanks
    super_saver123
    I just wanted to share the news that the FOS have upheld my complaint against CashPlus (or Advanced Payment Services) for several iAdvance payday loans I took out with them. I took a total of 189 loans between December 2011 and September 2016, 182 of which have been upheld. CashPlus have time to respond to the FOS, but just the fact that the FOS agrees with me is a bit of relief.

    I know that is is partly my doing but the irresponsible lending on the part of CashPlus also contributed to a worsening debt situation. Thankfully I am now clear of that and rebuilding my credit file, but I feel that the sheer amount of loans I was allowed to take just shows how these companies prey on the financially vulnerable.

    Hopefully, the industry has learned it's lesson and I have certainly learned mine!
    • Fiona CW
    • By Fiona CW 4th Oct 19, 9:43 AM
    • 114 Posts
    • 80 Thanks
    Fiona CW
    FOS upheld my complaint against quick quid (took about a year) and have ordered them to pay back all the interest I paid on all loans apart from the first.
    • anfieldred
    • By anfieldred 8th Oct 19, 9:52 AM
    • 264 Posts
    • 2,681 Thanks
    anfieldred
    My wife had a load of PDLs dating back years - I only found out about claiming it abck about a week before wonga went bust. We got our claim in, got an email today to say it's been accepted , saying

    "Please be aware, the payment you receive will be significantly smaller than your accepted claim value, as explained above.".

    It's a shame I didn't find this sooner, we'd have got so much back. Be interesting to see what % we actually get back
    • gmchid87
    • By gmchid87 9th Oct 19, 5:35 PM
    • 5 Posts
    • 1 Thanks
    gmchid87
    Does anyone know the 6 year rule can you still claim even if the payday loans you took out were longer than 6 years ago?
    • Klebs88
    • By Klebs88 14th Oct 19, 12:27 AM
    • 1 Posts
    • 0 Thanks
    Klebs88
    Hi All,

    I'm just looking for some information/advice from anyone who may know more or have had similar past experiences. I currently manage my own DMP which I still have 8 separate debts to settle. I got contacted about making a claim against Wonga for irresponsible lending from their administrators and I thought why the hell not? Last week I received an email from the administrator informing me that some of my claims had been partially accepted. In the email it states the claims came to a total of 256 however the sum received will be a small fraction of this. My Wonga debt is one of the outstanding debts in my DMP, although the debt is being collected by BPO. I still owe 207 and I am wondering if the claims total can offset this outstanding debt and that be the end of it?
    • SSD92
    • By SSD92 14th Oct 19, 10:57 AM
    • 20 Posts
    • 33 Thanks
    SSD92
    After the initial response from Mr Lender saying they weren't sure why I was putting in a complaint, they've come back advising they have investigated my complaint and believe they did the necessary checks but have offered a 25 Amazon voucher. Has anyone else had this?

    Provident is currently over the investigation time and is still looking into my complaint.

    Still waiting for a response from Financial Obmunsmen in regards to SafetyNet Credit.
    • readermatt
    • By readermatt 22nd Oct 19, 8:45 AM
    • 10 Posts
    • 0 Thanks
    readermatt
    Well done mate

    Nice to hear a feel good story

    Enjoy
    • TLJones
    • By TLJones 15th Nov 19, 10:17 AM
    • 33 Posts
    • 4 Thanks
    TLJones
    October 12th, FOS find that Pounds 2 Pocket should not have given me loans and tell them to pay back ~1,800 in interest, charges, fees, etc. They say Pounds 2 Pocket have until the 26th to make it right.

    October 25th, Pounds 2 Pocket's parent company goes into administration. I'm told that I need to continue my complaint directly with them and that any refund I am owed will be significantly smaller than what I am owed.

    You can't make this up! Haha!

    At the very least could the administrators write off what I still owe (790)?
    Make good financial choices, kids!
    • SSD92
    • By SSD92 19th Nov 19, 11:20 AM
    • 20 Posts
    • 33 Thanks
    SSD92
    After the initial response from Mr Lender saying they weren't sure why I was putting in a complaint, they've come back advising they have investigated my complaint and believe they did the necessary checks but have offered a 25 Amazon voucher. Has anyone else had this?

    Provident is currently over the investigation time and is still looking into my complaint.

    Still waiting for a response from Financial Obmunsmen in regards to SafetyNet Credit.
    Originally posted by SSD92
    FOS are now looking into my complaint with SafetyNet Credit, so I'm feeling hopeful.
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