hi ive had a complete borrowed quantity of14,575 from QQ between may 2009 mar 2011. over this duration we repaid a total of3148 in interest over this era. I’ve all my statements from QQ saying every thing We had compensated. Will quick quid spend me personally right right right back when it comes to loans being over 6 years old or have actually I got no possibility of seeing the older loans refunded?
be therefore grateful for the assistance? if anyone has any previous experience on loans over 6 years of age.
Sara (Financial Obligation Camel) says
Hi Brad, the Financial Ombudsman solution is wanting to choose whether or not to examine loans over 6 years old and these full situations are on hold until it can. You ought to get your plaint into QQ asap and get it to then the FOS after 8 days precisely – then if the FOS decides it can’t go through the older loans, you can expect to continue to have up to feasible within time.
many many thanks Sara. We decided to go to qq in the 23/8/16 so its just been a couple of weeks thus far. do I need to get right to the ombudsman now or watch for their 8 response week. im worried im planning to lose out on the1000s before the 6 12 months mark. Perhaps you have been aware of the ombudsman having to pay on loans avove the age of 6 years or they simply frozen until they determine what to complete?
appreciat your assistance. many many thanks, Brad
additionally we nevertheless have1200 outstanding I owe with payday loans Michigan them which
My plaint with QQ got passed away to an adjudicator whom ntacted me personally regarding the 7th of September requesting my bank statements, credit history and if I experienced ever told QQ I became in economic trouble. September they gave me a deadline to reply with the details by 14th. Have you figured out when they place the same due dates to QQ and, in that case, does which means that that if QQ drag it out it’ll wait my instance even more?
Additionally, does anybody have rough concept of exactly how long it will require for the adjudicator to help make a decision? It’s now almost a couple of months so it’s really starting to drag out since I first plained to QQ 🙁
Fast Quid get returning to Adjudicator suggesting they don’t have actually to inquire of nsumer for spending just before 2014. and they’ll maybe perhaps not refund any such thing. also adjudicator ruled in my own benefit asking them to settle all interest and 8% returning to 2010. simply interest es to over 10K. perhaps maybe maybe maybe not certain that this can be one of several strategies employed by Quick quid to drag it much much longer.
Sara (Financial Obligation Camel) says
“don’t have actually to inquire of for spending prior to 2014” this argument is comparable to a lender that is payday they didn’t need to credit check you before 2014 that we penned this short article about: s:debtcamel../payday-loan-credit-sres/. Its theoretically real BUT if you ntinued to borrow from their website thirty days after thirty days (which for you personally seems as if it had been for many years) then QQ must have taken acunt with this, realized that you had been determined by these loans and stopped lending. Or of urse they uld have expected you to definitely offer factual statements about your ine and spending because they don’t have to do something doesn’t mean they uldn’t do it and this would have been something a responsible lender should have nsidered if they were worried – just.
A loan provider needs to simply simply just just take acunt of what they knew. When they didn’t understand your spending, they uldn’t just take acunt of the nonetheless they did realize that you had been over and over borrowing from their website suggesting the loans had been unaffordable. In addition they ignored this.
It seems as if that is a rather good situation to decide to try the Ombudsman.
Many Many Thanks Sara, i shall wait till reaction from adjudicator me know her response as she will have to look at point raised by quick quid and then let. I am hoping adjudicator don’t alter her initial decision and stuck to her initial report. I will be concerned given that she may alter her initial choice.
Sara (Financial Obligation Camel) says
If she does (and ideally she won’t since this is not actually a critical argument from QQ) then e straight back right here as (a) it is possible to talk about it using the adjudicator and (b) escalate to the Ombudsman degree if required.