I sent during my claim to QQ sometime in they came back to be ncluding that my loans were not unaffordable, but offered me100 as a ‘goodwill gesture’ july. I was thinking it had been strange that they’d offer me a tiny payout should they didn’t think they certainly were into the incorrect, and so I escalated it towards the FOS.

My adjudicator got in contact yesterday and stated QQ has ag ag ag e straight straight back with another offer of437, according to only 1 associated with the loans (the newest one). I’ve until Friday to allow him understand me sending my bank statement, credit file, etc whether I want to reject this figure and have my adjudicator look even further into my case, which will involve. He stated that if we reject this payout and then he ultimately ends up determining that the loans had been certainly affordable, we won’t get any such thing.

I think, the mortgage that QQ have actually n cluded ended up being unaffordable had been really probably one of the most affordable, because it ended up being truly the only loan I took away once I was at full-time work (one other loans were applied for while I happened to be a pupil and freelancer, We don’t think i ought to have now been provided them to start with). It is known by me’s tough to provide advice without once you understand the main points of my instance, but has other people rejected an offer through the FOS after which lost down entirely?

plained against quickquid regarding their flexi acunt which simply included me personally redrawing in the credit every thirty days to endure. Loan/credit about 1300. They rejected my plaint saying it wasnt that loan and so they stated their flexi acunt is much like drawing on a charge card. In addition they said they completed extensive checks etc. plained to ombudsman after 2 months encouraged they’ve been now providing me400 to settle uncertain what you should do. Great site in addition

Sara (Financial Obligation Camel) says

Thanks concept just just how much interest you paid with this acunt?

just searching to my acunt in the 1300 complete advance credit the yearly interest over 10 months in the min re re re payments had been 1699.50. Fundamentally for per year it could permit me to redraw following the payment upto my 1300 borrowing limit. Sooner or later this caused me monetary difficulty. Didnt expect anything re my plaint amazed they offered after their initial response re the flexi acunt. We perhaps maybe perhaps maybe not they not any longer provide the product

After a very long drawn out procedure (plaint – 7 months wait – final (rejection) response – Ombudsman – 6 weeks wait), my plaint against QQ was eventually upheld. I experienced only had 3 loans using them (within final 6 years). The ombudsman ruled that the very first loan ended up being perhaps perhaps not missold, but that the submit and 3rd were. They awarded me personally interest, fees and interest on loans 2 and 3, which paid down my stability (now in a DMP). Notably – and also this is really what i truly desired – they ruled that most 3 loans must certanly be taken off my credit report. Nevertheless waiting around for that last action to take place, but I’ve had numerous email messages through the leeches at QQ nfirming it is been done. a small success, however a victory noheless 🙂

That’s news that is good you I’m pleased folks are challenging fast quid. The adjudicator looking at my sons instance appears to be going things along and contains already stated he believes QQ uld have made better checks therefore now needs to see in the event that loans had been available. So that it’s a game that is waiting. Then I’m going file a plaint against Wonga whom stated they uldn’t even identify my son when you look at the system! we delivered them a message ntaining an integral part of their credit history together with loans on. It’s ridiculous .

Were going right on through FO with my plaint against QQ and below last reaction:

I’m getting back in touch in terms of your plaint against QuickQuid.

As a result to my view page on 26 September 2016, QuickQuid has made an offer in accordance with my remendations. The offer is always to refund the attention and fees you covered loan three also to eliminate each associated with the loans from your own credit report.

QuickQuid has nfirmed the outstanding stability with the 3rd celebration is642.00. Using the interest eliminated, the key left to pay for is393.80. I’ve offered complete information on the offer are below:

Refunded fees and interest compensated on loan three:213.88 Plus 8% easy interest per year:75.33 Minus outstanding principal on loan four:393.80 Quantity of principal to pay for back once again to QuickQuid:104.59

QuickQuid has additionally stated the last loan will likely to be recalled through the party that is third. Should you accept, QuickQuid wish to know if you’re in a position to repay the entire outstanding stability or if you’d prefer to set up a repayment plan.

At this point you need certainly to inform me in the event that you accept QuickQuid’s offer. Should you, I’ll inform them and I’ll inquire further to ntact you to definitely organize payment regarding the outstanding stability.

If you don’t accept and would really like an ombudsman to appear into the plaint. Please inform me by 18 2016, so that I can progress your plaint october.

When you yourself have any relevant questions regarding the offer, I’ll be very happy to respond to them. I look forward to hearing away from you.

It seems that QQ is not likely to repaybany charges and it is asking us to repay the amount that is principal. We don’t think that I should really be spending them any such thing and also the stability should really be waived.

Sara (Financial Obligation Camel) says

From them, the fourth of which you defaulted on – is that rrect so you had 4 loans?

The adjudicator has suggested QQ refund anything from loan 3. them, this sounds pretty typical unless you rolled loans 1 and 2 several times, or missed payments to.

On loan 3 you paid213 in interest they have added 8% statutory interest, making a refund of289do you think that is right? to which.

On loan 4 they state the outstanding principal is393 – performs this sound right? Exactly how much did you borrow for loan 4 and also have any payments were made by you to it?

Many thanks when it comes to reaction.

Yes, the borrowing summary can be below:

Loan 1. Borrowed50 and legit payday loans in Oklahoma repaid79.50 Loan 2. Borrowed150 and repaid238.50 Loan 3.Broowed300 and repaid 513.88 Loan 4. Borrowed400, that we defaulted on. Nevertheless this loan is offered to debts that are several agencies and I also can demonstrably keep in mind having to pay some charges towards this financial obligation.

It wasn’t even enough to meet my basic expense e.g rent, utilities, food, travel etc as I mentioned in my pliant at time my ines were hardly700 and month and. I’dn’t mind to not ever obtain the interest refunded, however I don’t think QQ should ask me to settle the key when it comes to debt that is outstanding.

Thanks for the assistance

Sara (Financial Obligation Camel) says

I’m sorry but this really isn’t likely to take place. The ombudsman takes the scene so it should be repaid, but the lender shouldn’t benefit from any interest on a loan they should not have given that you have had the use of the money you borrowed. See s:debtcamel../payday-lender-write-off/ for details.

You ought to discover what the total amount outstanding is. Always check your credit rerds to check out whom now has it: s:debtcamel../best-way-to-check-credit-sre/. When you have paid50 off you’ll be getting that50 right back.

Many thanks….I guess104 is maybe not that much in the end and can enhance my credit history in long haul.

Hi Sara, We have plaints logged with a few loan that is payday, some whom I Repeatedly borrowed from and some rolled over or deferred. Nonetheless, there are payday loan providers I repaid when due that I just had one loan with, which. These specific people had been frequently utilized to cover right straight back other payday lenders.