A lot of people turned to payday loans in times of need but because of the way the company’s lend loans might be reason to get some of that back to you
ou could do the work yourself and claim without using a third party company. But lots of people do not feel confident, or just don't want to make a claim themselves, so they come to us to help them.
Most of the companies lend loans to anyone they wanted at whatever rates they wanted without any reasoning, leading thousands of people to experience financial hardship and misery. According to the report published by the Financial Ombudsman Service in May 2016, complaints against payday lenders have tripled in the past year.
Payday firm, CFO Lending (£34 million), Ariste Holding Limited (£20 million) and Dollar Financial UK (£15 million) made a deal to pay over about £65 million in redress to its customers. They made an agreement with the Financial Conduct Authority (FCA) to provide compensation to their borrowers for unfair practices.
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Payday firm, CFO Lending (£34 million), Ariste Holding Limited (£20 million) and Dollar Financial UK (£15 million) made a deal to pay over about £65 million in redress to its customers. They made an agreement with the Financial Conduct Authority (FCA) to provide compensation to their borrowers for unfair practices.
A payday loan is intended to help you out when you need a small amount of money to tide to over. Most payday lending companies have to follow good practice guides and rules set out by the FCA (Financial Conduct Authority).
A lot of people turned to payday loans in times of need but because of the way the company’s lend loans might be reason to get some of that back to you. Most of the companies lend loans to anyone they wanted at whatever rates they wanted without any reasoning, leading thousands of people to experience financial hardship and misery.
A payday loan is intended to help you out when you need a small amount of money to tide to over. Most payday lending companies have to follow good practice guides and rules set out by the FCA (Financial Conduct Authority).
Many lenders encouraged their customers to roll over, or extend the loan, or top the loan amount up. or simply ignored it if you were clearly in a cycle of debt. They wanted and needed you to keep paying interest.
Some people have secured payday loan refund successfully by going through the right channel, and that’s why we're here. You'll get all the help necessary to ensure the interests on your payday loans are refunded. We have a team of professionals dedicated to seeing the process through from start to finish.
We consider compensation claims for loans between 2007 and 2014 and if we feel you have a valid claim we will make the formal complaint to the lenders on your behalf.
As a real-life example, Peter came to us with a claim against Quick Quid. Initially, Quick Quid offered Peter a £24 refund, we encouraged Peter to allow us to take the case to the FOS. Peter agreed and the FOS upheld the complaint. They directed Quick Quid to refund Peter £7,074.63. Peter is pleased he appointed us!
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Payday lenders are particularly responsible for this because although they claim to provide a helping hand and useful solution to money problems, sometimes they can actually make this issues worse. They make the issues worse by not being supportive, not being understanding and sometimes even doing illegal things to get more money out of people. When you think about why people turn to these lenders in the first place, this type of behaviour is outright despicable.
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Payday firm, CFO Lending (£34 million), Ariste Holding Limited (£20 million) and Dollar Financial UK (£15 million) made a deal to pay over about £65 million in redress to its customers. They made an agreement with the Financial Conduct Authority (FCA) to provide compensation to their borrowers for unfair practices.
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