hi ive had a complete borrowed amount of14,575 from QQ between may 2009 mar 2011. over this duration we reimbursed 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 straight right back for the loans which are over 6 yrs . old or have actually no chance was got by me 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 examine loans over 6 years of age 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 вЂ“ then if the FOS decides it canвЂ™t consider the older loans, you may 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 up to now. can I get right to the ombudsman now or watch for their 8 response week. im worried im likely to lose out on the1000s before the 6 mark year. Maybe you have heard about the ombudsman having to pay on loans more than 6 years or they simply frozen until they determine what to accomplish?
appreciat your assistance. many many many thanks, Brad
additionally we nevertheless have1200 outstanding I owe with them which
My plaint with QQ got passed away to an adjudicator whom ntacted me personally in the 7th of September seeking my bank statements, credit history and I was in financial difficulty if I had ever told QQ. They provided me with a due date to respond aided by the details by 14th September. Are you aware out itвЂ™ll delay my case even more if they put the same deadlines to QQ and, if so, does that mean that if QQ drag it?
Additionally, does anybody have rough notion of just how long it requires for the adjudicator in order to make a choice? It is now almost a couple of months so itвЂ™s really starting to drag out since I first plained to QQ 🙁
Fast Quid get back once again to Adjudicator suggesting they donвЂ™t have actually to inquire of nsumer for spending ahead of 2014. And they shall perhaps perhaps maybe maybe not refund such a thing. also adjudicator ruled in my own favor asking them to settle all interest and 8% returning to 2010. simply interest es to over 10K. perhaps perhaps perhaps not certain that it is among the strategies employed by Quick quid to drag it much longer.
Sara (Debt Camel) says
вЂњdonвЂ™t have actually to inquire of for spending prior to 2014вЂќ this argument is comparable to a payday lender saying they didnвЂ™t need to credit check you before 2014 that I composed 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 needs to have taken acunt with this, realized that you had been determined by these loans and stopped lending. Or of urse they uld have expected one to offer information regarding your ine and spending because they donвЂ™t have to do something doesnвЂ™t mean they uldnвЂ™t do it and this would have been something a responsible lender should have nsidered if they were worried вЂ“ just.
A loan provider needs to simply simply simply simply take acunt of whatever they knew. Then they uldnвЂ™t take acunt of that BUT they did know that you were repeatedly borrowing from them suggesting the loans were unaffordable if they loans for bad credit Ohio didnвЂ™t know your expenditure. Plus they ignored this.
It seems as if this might be a really case that is good try the Ombudsman.
Many Many Thanks Sara, i am going to wait till reaction from adjudicator as she’s going to need to have a look at point raised by fast quid then inform me her reaction. I really hope adjudicator donвЂ™t alter her initial decision and stuck to her initial report. I will be concerned given that she might alter her initial choice.
Sara (Debt 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 wonвЂ™t as this isnвЂ™t really a serious argument from QQ.