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. We have all my statements from QQ saying every thing We had compensated. Will quick quid pay me personally right right back for the loans which can be over 6 years old or have actually no chance was got by me 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 attempting to choose whether or not to have a look at loans over 6 yrs . old and these full situations are on hold until it can. You ought to get the plaint into QQ asap and then have it to 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 many thanks Sara. We went along to qq in the 23/8/16 so its just been a couple of weeks to date. must I get right https://mycashcentral.com/payday-loans-al/ 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. Maybe you have been aware of the ombudsman having to pay on loans over the age of 6 years or they simply frozen until they determine what to accomplish?
appreciate your assistance. many many thanks, Brad
also we nevertheless have1200 outstanding I owe with them which
My plaint with QQ got passed away to an adjudicator whom ntacted me personally regarding the 7th of September seeking my bank statements, credit history and if we had ever told QQ I happened to be in monetary trouble. 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, in that 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 requires for the adjudicator to produce a choice? It is now almost a couple of months since We first plained to QQ so that it’s actually just starting to drag away 🙁
Fast Quid get back once again to Adjudicator suggesting they don’t have actually to inquire of nsumer for spending ahead of 2014. and they’ll maybe 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. maybe not certain that this might be one of the techniques utilized by Quick quid to drag it much 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 payday lender saying they didn’t need certainly to credit check you before 2014 that we composed this informative 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 appears as if it absolutely was for a long time) then QQ must have taken acunt with this, realized that you had been influenced by these loans and stopped lending. Or of urse they uld have expected you to definitely provide 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 just just just 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. And additionally they ignored this.
It appears as if this really is a rather case that is good decide to try the Ombudsman.
Many Many Thanks Sara, i am going to 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 choice and stuck to her initial report. I will be concerned given that she might alter her initial choice.
Sara (Financial Obligation Camel) says
Then e back here as (a) you can discuss it with the adjudicator and (b) escalate to the Ombudsman level if needed if she does (and hopefully she won’t as this isn’t really a serious argument from QQ.