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17th July 2019 at 7:17 pm #74583
I hope you all get sorted, and get back what you are due (i.e unfair interest charges). I had considerable involvement in claims against these companies when I have been acting for other people to recover charges etc. The £13,800 refund someone above mentions is a huge result, the highest I ever saw was about £9k but so many claims at that level is why the major players have gone bust and more will follow.
In response to comments about people not taking responsibility for their own actions, you are completely disregarding the fact that lenders also have a huge level of responsibility to the borrower. That is the sole reason for these claims, and the reason so many are successful – the lender did not follow the required regulations when making a decision to borrow.
If you suddenly found out online roulette was rigged etc, and the providers hadn’t been following the regulations in place to make it a fair and level playing field, you would be happy to claim back your losses. In that scenario you wouldn’t expect people to be saying “you gambled, you lost and now your blaming someone else”.
It’s the exact same scenario, this just puts it into context for you.
17th July 2019 at 7:47 pm #74587If you seriously want to sort it out, and by that I dont mean just continue to do what you do now once you get money, then try these people https://www.cleverlaw.co.uk/
I been with them for 4 years, I had 8 payday loans chasing me for varying amounts. They arranged it so that I offered them an amount (£100 a month) that I realistacally could afford, and made deals with each company. Yes, I got until 2022 until they paid off, but I learnt my lesson and am happy to pay that £100 a month and know Im paying it all back.
17th July 2019 at 8:00 pm #74590I used business debt line when I’d ran up a few debts. Over 8k five different companies of which 2 are pay day loans 2 credit cards and 1 loan. Repayments were nearly 700 a month. Now the interest is frozen and i pay 160 a month split 60 50 20 20 10. Tip is not to ignore the letters and calls. They know it’s not worth taking to court so they will accept lower payments.
17th July 2019 at 10:10 pm #74607 -
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