UK Borrowers are now able to claim back historic Mis-sold Payday Loans!
A study has revealed that Millions of people who have taken out pay day loans could be entitled to compensation.
If you found yourself robbing 'Peter to Pay Paul' – i.e. Taking further payday loans to pay off a previous loan then plainly the affordability checks were not substantial enough to check you could actually afford the original loan. You may well be entitled to make a No Win No Fee claim.
A Payday Loan is designed purely for short term borrowing needs and this should have been explained fully at the outset. However, The UK Citizens Advice Bureau has stated that large numbers of people who have taken out a Pay Day Loan may have grounds to make a complaint*
If you can answer YES to any of the below you may be entitled to make a claim
- Your Payday lender didn't fully explain the high fees and charges.
- Robbing 'Peter to Pay Paul' - Taking further payday loans to pay off the previous loan.
- You had to roll over the previous loan as you couldn’t really afford the payments when you took it out.
- Repayment of the loan impacted on your usual household spend and you had to go without essential items.
- A lender did not tell you about free and independent debt counselling organisations.
Common Worries
Some people are worried that if they make a complaint about a lender their employers or family members will be informed about the loan.
NOT TRUE – Everything is confidential and only the claimant receives communication
Making a claim will affect my credit rating
NOT TRUE – In fact it can be possible to get Mis Sold Loans REMOVED from your credit file!I need all the paperwork to hand and my loans go back years
NOT TRUE – Lenders are obliged to provide you with your lending history. This is a simple process that will be taken care of as part of your claim.
Are you eligible for compensation? Click your Year of Birth to begin.
Can I make a No Win No Fee Claim?
YES in two simple steps
Step 1 - Click below to begin your check.
Step 2 - Answer a few simple questions to see if you're eligible for compensation