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[Sh Shak2430 WANTED $5 Outlaw]

Hi community. Just wanted some advice. So i suffered with fobt and bookies for a good while now. Took out numerous payday loans from them and eben though not working now still paying back stupid amounts. I had taken them all out and same kind of time, kept paying back and retaking them to survive. Been adviced I can claim this back as its unethical lending and companies should not have been lending to me in this situation. Anyone done this before or know of it ? Any advice etc much appreciated thank you very much

[Jk90 WANTED $25 Outlaw]

I was the same at one point i had at least 8 diffrent companys that i borrowed from all at the same time. I used wonga every month for over 1.5 years each month paying back then getting another to pay the nxt company and so on, it got to the point where i had more money going out than coming in and still i was able to get more loans which i think is wrong, i know people will say oh well you shouldnt have hax that many but when youre in the shit and you can get a few quid you will, but to answer your question hes you can claim back but only if youre up to date with all payments i beleive. If you have ccjs or default payments im pretty sure you cant claim

[Tricky0212 WANTED $82 Outlaw]

Hi Shak,

sorry to hear about your situation, and yes you can claim back interest and charges from these companies if the loans were “unaffordable” and amounted to “irresponsible lending” which a lot of them back then were.

Even if you still have an outstanding amount, defaulted or have CCJs you can still can claim and part of the compensation will be removing the negative marks against your credit file as you never should have been given the loans to start with.

My advice would be email each of the companies you had a loan with stating “you feel the loans were unaffordable based on your income at that time, that you had to continually take out loans to survive month after month and that they amount to irresponsible lending”. This simple sentence has all you need to make them start an investigation and they then have 8 weeks to do so. Most will make you an offer to settle and those that don’t you can refer to the Financial Ombudsman free of charge.

Wonga is sadly in administration so you can still claim on their website they have details of how to (I think they stated most people who could claim were sent an email to do so, so check your email inbox from whatever address they had first). You are still able to claim but as they are in administration (i.e going bust) you wont get the full claim amount but would still get something.

Hope this helps and all the best.

[Jk90 WANTED $25 Outlaw]

Shit if thats the case i should look into it, it was insaine the amount of loans i could get and over and over again, i have various ccj’s which i have ignored i know i had the money and should try pay back but the money was to pay back another loan and so on they could have just seen i couldnt afford but still i was able to get more they prey on the skint lol

[Sh Shak2430 WANTED $5 Outlaw]

Guys thanks for the response.

The loans I had are with

Sunny, quickquid, myjar, 24.7 moneybox, peachy and unclebuck. I am still paying monthly for them eben though out of work. I continuesly was lending off them each month immediately after paying them back which simple wasnt affordable. Best bet to email each one of them and advice this ? Thank you

[Jk90 WANTED $25 Outlaw]

I had all them too, plus 118 money, satsuma, loans4u,pay day advance piggy bank, and a few others . I think theres ppl you can get to do it all for you like any claim they take a % of the money you get back look it up on google mate

[Sh Shak2430 WANTED $5 Outlaw]

Yeah wanted to see if anyone done it themselves on here without having to pay the fees and what the process was

[Rb Rbreen91 WANTED $493 Outlaw]

I was like that at one point around 6-7 years ago. My personal opinion is that you should pay them all back in full, because it was you that fucked up and borrowed more than you could afford to pay back.

But im aware that there are loads of loopholes now and you may as well use them to your advantage.

I don’t advocate these companies, i think they’re vultures and they prey on people in bad situations, but self respect for me, dictates that I should pay for my mistakes.

 

 

 

 

 

[Tp Tpritchard WANTED $34 Outlaw]

Listen mate go debtcamel.com they have all the payday loans emails and got a template ready for you to send to each one with absolutely fantastic advice

i got 3 refunds last year and I’ve got 4 with the FOS at the minute which is all thanks to that site can’t rate it highly enough. I personally know someone who got £13,800 refund a few weeks ago from a payday lender using the the templates and advise from the site and it’s very quick and easy to use

[Malkychamp WANTED $486 Outlaw]

I know nothing about loans really just curious, do they ask when you applied if you had other loans or things like that do you have to declare these things when you apply for the next?

[Sh Shak2430 WANTED $5 Outlaw]

Loan companies have the power to do extensive credit checks which can reveal if there is any other payday loans in your name active or recently taken. Majority dont do this because let’s be honest if they did they wouldn’t get a single customer. Similiar to banks if you have a certain account Such as a student account with a bank you are unable to open another one wirh a different back because of the checks they do

[Winningbird WANTED $574 Outlaw]

Hey, I’m not sure if this is going to be any good for you, but I heard of something like a debt management company when I was talking to someone the other day.  If you can go to citizens advice, and tell them your situation, they should be able to help you find a way to clear the debt and claim back any money you’re entitled to. I know this probably won’t help you in the short run, but debt management usually find a way for you to pay them back in a way you can afford that won’t leave you too short for the month.

I know payday loans are a bitch and in my opinion they shouldn’t be available to gamblers. There should be some form of check they can do to check a person’s past fortnightly transactions or something.

I hope you get this sorted 🙂

[Malkychamp WANTED $486 Outlaw]

Just guessing as I normally do ? but with it being a ‘payday’ loan would they not just be checking that you have an income and that you can pay it back. Don’t see how it’s on them if you are the 1 requesting it in that position.

But if there is a chance of getting some back go for it got nothing to lose

[Go Gorilla WANTED $1 Outlaw]

Rbreen91 wrote:

I was like that at one point around 6-7 years ago. My personal opinion is that you should pay them all back in full, because it was you that fucked up and borrowed more than you could afford to pay back.

But im aware that there are loads of loopholes now and you may as well use them to your advantage.

I don’t advocate these companies, i think they’re vultures and they prey on people in bad situations, but self respect for me, dictates that I should pay for my mistakes.

 

 

 

 

 

I agree and this is why many ppl don’t trust gamblers.  Borrow money to gamble with and then blame other ppl when they lose for letting them have the money

Payday loans should never have been allowed but one of the reasons the APR is so high is because of the level of trust in ppl who take them out

The OP is an example of this, he botrowed money to gamble and is now blaming someone else rather than take personal responsibility

[Green2711 WANTED $492 Outlaw]

I’ve used payday loans and got myself in a hole before in fact I still have outstanding payday loans from over 2 years back now.

I got to the point where all my monthly wages were being sucked up by payday loans and even then I couldn’t afford it often having to arrange for the amount to be lowered on months I struggled and so that meant even more interest and money for these companies.

I signed up to a DMP shortly afterwards with stepchange and to be fair they was extremely helpful even helping me come up with a budget so I actually had some money to myself at the end of the month. I ended up fucking up eventually though after a couple of months of payments I started gambling again and missed payments and eventually stepchange had to stop the DMP. I’m an idiot I could have had it all paid off by now but after my DMP ended I just ignored these companies and have been doing so for over a year now. I’ve had threatening letters, emails and my phone often gets a bunch of missed calls but so far nothing has come of it. Since the loans are spread across many loan companies they are only smallish amounts and most won’t want to go to court over it so they will pester. I’m living with my folks with barely anything of value so there isn’t a whole lot they can do and since most of the interest has reached its cap they can’t charge me anymore so now they are emailing me with pay now and we will knock 50% off but these are companies that have bought my debt and clearly just want to settle so they can make a slight profit.

Im not going to paint myself as a Saint and blame them entirely for lending to me as at the time I wasn’t in a good place and with my gambling addiction in full flow I was willing to do or say anything to be accepted for a loan.

I even told companies when signing up that I had no existing loans and they borrowed to me without a second thought which I know is wrong of me but at the same time I know they can bring up your credit file when you apply so they should have seen the information doesn’t add up that I was giving them. I would say they lent to me irresponsible but as I wasn’t 100% transparent either I don’t have a leg to stand on.

The best advice I can give you is sign up to stepchange set up a DMP and work out what you can afford to pay and then stick to your budget. If you can get anything back from irresponsible lending then do so.

I understand this post doesn’t present me in a good light but its the truth and this is where my addiction lead me. For those who are thinking of taking out a small loan to gamble with then I’d honestly tell you not to bother…it starts with one and then you take out a few more and before you know it your buried by these high interest loans. If it’s got to that point where you are borrowing to gamble then you need to put blocks in place and give up gambling because it really isn’t worth the stress it brings and the destruction it will do to your life for many years to come.

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