hi ive had a complete borrowed quantity of14,575 https://onlinecashland.com/payday-loans-il/ 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 being over 6 yrs old or have actually I got no opportunity 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 wanting to determine whether or not to have a look at loans over 6 yrs old and these full situations are on hold until it can. You’ll want to get your plaint into QQ asap and then have it to the FOS after 8 days precisely – then if the FOS decides it can’t glance at the older loans, you can expect to continue to have as much as feasible within time.
many thanks Sara. We went along to qq in the 23/8/16 so its just been a couple of weeks thus far. must I get directly to the ombudsman now or await their 8 response week. im worried im likely to lose out on the1000s before the 6 mark year. Maybe 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 many many thanks, Brad
additionally we nevertheless have1200 outstanding using them that we owe
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 if we had ever told QQ I happened to be 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 much more?
Additionally, does anybody have idea that is rough of long it requires for the adjudicator in order to make a determination? It is now almost three 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 maybe maybe 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. maybe perhaps not certain that this might be among the strategies utilized by Quick quid to drag it 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 published this short article about: s:debtcamel../payday-loan-credit-sres/. Its 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 absolutely was for a long time) then QQ needs to have taken acunt with this, pointed out that you had been influenced by these loans and stopped lending. Or of urse they uld have expected one to offer information regarding your ine and spending when they had been concerned – simply because they don’t want to do one thing does not suggest they uldn’t do so and also this could have been one thing a accountable loan provider must have nsidered.
A loan provider needs to just just 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 so they ignored this.
It seems as if this will be a really good situation to decide to try the Ombudsman.
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 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 are able to talk about it using the adjudicator and (b) escalate to the Ombudsman degree if required.