hi ive had a complete borrowed quantity 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 spend me personally right right straight back when it comes to loans which can be 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 experience that is past loans over 6 yrs old.
Sara (Financial Obligation Camel) says
Hi Brad, the Financial Ombudsman solution is attempting to decide whether or not to examine loans over 6 years of age and these full situations are on hold until it will. You ought to get your plaint into QQ asap and get it to then the FOS after 8 days exactly – then if the FOS decides it can’t glance at the older loans, you can expect to continue to have up to feasible within time.
many many many thanks Sara. We decided to go to qq regarding the 23/8/16 so its just been a couple of weeks up to now. can I go directly to the ombudsman now or watch for their 8 week reaction. im worried im likely to lose out on the1000s before the 6 12 months mark. Perhaps 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 complete?
appreciate 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 requesting 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 using the details by 14th September. Do you realize 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 situation a lot more?
Additionally, does anybody have idea that is rough of long it will take for the adjudicator in order to make a choice? It is now almost a couple of months since We first plained to QQ therefore it’s actually beginning to drag away 🙁
Fast Quid get returning to Adjudicator suggesting they don’t have actually to inquire of nsumer for spending just before 2014. And they shall perhaps perhaps 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 maybe not certain that this really is among the techniques utilized by Quick quid to drag it much much longer.
Sara (Financial Obligation Camel) says
“don’t have actually to inquire about for spending prior to 2014” this argument is comparable to a payday lender saying they didn’t need 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 website month after thirty days (which for you personally appears as if it had been for many years) then QQ needs to have taken acunt for this, pointed out that you had been influenced by these loans and stopped lending. Or of urse they uld have expected you to definitely offer facts about your ine and expenditure when they had been concerned – simply because they don’t want to do one thing does not suggest they uldn’t get it done and also this will have been one thing a responsible loan provider needs to have nsidered.
A loan provider needs to simply 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 seems as if it is a extremely 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 payday loans WI and then let. I really hope adjudicator don’t alter her decision that is original and 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 as this is not actually a significant argument from QQ) then e straight back right here as (a) you can easily talk about it using the adjudicator and (b) escalate to the Ombudsman degree if required.