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. I’ve all my statements from QQ saying every thing We had compensated. Will quick quid spend me personally straight 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 continue reading? 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 choose whether or not to glance at loans over 6 yrs old and these full instances 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 precisely вЂ“ then if the FOS decides it canвЂ™t glance at the older loans, you are going to continue to have as much as feasible within time.
many many many thanks Sara. We went along to qq from the 23/8/16 so its just been a couple of weeks to date. do I need to 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 12 months mark. Perhaps you have heard about 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 still have1200 outstanding using them that I owe
My plaint with QQ got passed away to an adjudicator whom ntacted me on 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 with all the details by 14th September. Have you any idea when they place the same due dates to QQ and, in that case, does which means that that if QQ drag it out itвЂ™ll wait my instance much more?
Additionally, does anybody have idea that is rough of long it can take for the adjudicator to produce 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 again to Adjudicator suggesting they donвЂ™t have actually to inquire about nsumer for spending just before 2014. And they shall perhaps 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 perhaps not sure if this might be one of several strategies employed by Quick quid to drag it much much much longer.
Sara (Financial Obligation Camel) says
вЂњdonвЂ™t have actually to inquire about 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 we published 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 appears as if it had been for many years) then QQ must have taken acunt of the, realized that you had been determined by these loans and stopped lending. Or of urse they uld have expected you to definitely offer facts about your ine and spending when they had been concerned вЂ“ simply because they donвЂ™t need to do something does not suggest they uldnвЂ™t do so and also this might have been one thing a responsible loan provider need to have nsidered.
A loan provider has got to just 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 didnвЂ™t know your expenditure. In addition they ignored this.
It seems as if this will be a rather good case 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 and then let. I am hoping adjudicator donвЂ™t alter her decision that is original and to her initial report. I will be concerned given that she might alter her initial choice.
Sara (Debt Camel) says
If she does (and ideally she wonвЂ™t since this is not really 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.