hi ive had a complete borrowed amount of14,575 from QQ between may 2009 mar 2011. over this duration we repaid a complete 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 straight back for the loans which are over 6 years of age or have actually I got no possibility of seeing the older loans refunded?
be therefore grateful for the assistance? if anybody has any previous experience on loans over 6 yrs old.
Sara (Financial Obligation Camel) says
Hi Brad, the Financial Ombudsman solution is attempting to choose whether or not to have a look at loans over 6 years of age and these instances are on hold until it does. You ought to get your plaint into QQ asap and then obtain it to the FOS after 8 days precisely – then if the FOS decides it can’t consider the older loans, you certainly will nevertheless have up to feasible within time.
many many many thanks Sara. I went along to qq regarding the 23/8/16 so its just been a couple of weeks thus far. must I get directly to the ombudsman now or watch for their 8 week reaction. 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 accomplish?
appreciat your help. many many many many thanks, Brad
additionally we nevertheless have1200 outstanding together with them that I owe
My plaint with QQ got passed away to an adjudicator whom ntacted me personally from the 7th of September seeking my bank statements, credit history and I was in financial difficulty if I had ever told QQ. September they gave me a deadline to reply with the details by 14th. Are you aware when they place the same due dates to QQ and, if that’s the case, does which means that that if QQ drag it out it’ll wait my instance a lot more?
Additionally, does anybody have rough notion of exactly how long it can take for the adjudicator to produce a decision? It is now almost a few months so it’s really starting to drag out since I first plained to QQ 🙁
Fast Quid get back once again to Adjudicator suggesting they don’t have actually to inquire of nsumer for spending just before 2014. and they’ll perhaps perhaps maybe not refund such a 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 perhaps not certain that it is one of several strategies employed by Quick quid to drag it longer.
Sara (Financial Obligation Camel) says
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“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 I had written this short article about: s:debtcamel../payday-loan-credit-sres/. It really is theoretically real BUT in the event that you ntinued to borrow from their store thirty days after thirty days (which for you personally seems as if it absolutely was for many years) then QQ must have taken acunt for this, pointed out that you had been influenced by these loans and stopped lending. Or of urse they uld have asked you to definitely offer facts about your ine and spending should they had been concerned – simply because they don’t need to do one thing does not suggest they uldn’t get it done and also this could have been one thing a accountable loan provider need to have nsidered.
A loan provider needs to simply just simply take acunt of whatever they knew. Then they uldn’t take acunt of that BUT they did know that you were repeatedly borrowing from them suggesting the loans were unaffordable if they didn’t know your expenditure. Plus they ignored this.
It appears as if this will be a tremendously good instance to decide to try the Ombudsman.
Many Many Many Thanks Sara, i am going to wait till reaction from adjudicator as she’s going to need certainly to have a look at point raised by fast quid then inform me her reaction. I am hoping adjudicator don’t alter her initial choice and stuck to her initial report. I’m concerned given that she might alter her initial choice.
Sara (Financial Obligation Camel) says
If she does (and ideally she won’t as this isn’t actually a significant argument from QQ) then e straight back right here as (a) it is possible to talk about it aided by the adjudicator and (b) escalate to the Ombudsman degree if required.