Jump to content


Sign in to follow this  
ukaviator

Ombudsman receives 50 new payday loan complaints a month

style="text-align:center;"> Please note that this topic has not had any new posts for the last 2523 days.

If you are trying to post a different story then you should start your own new thread. Posting on this thread is likely to mean that you won't get the help and advice that you need.

If you are trying to post information which is relevant to the story in this thread then please flag it up to the site team and they will allow you to post.

Thank you

Recommended Posts

The Financial Ombudsman Service said it had seen a significant rise in the number of payday loan complaints this year.

 

The Financial Ombudsman Service (FOS), which resolves disagreements between companies and individuals, said it had received 271 new complaints concerning payday loans between April and September. By contrast, the Ombudsman received 296 complaints for the whole of the last financial year. The service is currently finding eight out of 10 payday loan complaints in favour of the consumer.

 

The FOS said the main complaint was that the loan was unaffordable and should not have been granted in the first place. Other reasons were that the charges were too high and that the loan provider would not accept a suitable repayment plan. The Ombudsman has seen a rise in the number of complaints from consumers who said they had never taken out a payday loan and said their name and details had been used fraudulently. A spokesperson for the FOS said: "It’s perhaps inevitable that we’re seeing an increase in complaints about payday lenders, as consumers who are finding it hard to obtain credit search for new ways to make ends meet.

 

Link: http://www.telegraph.co.uk/finance/personalfinance/borrowing/loans/9690420/Ombudsman-receives-50-new-payday-loan-complaints-a-month.html


Some useful links.

FAQ's

Making Posts

Letter Template Library

Bank Contact Details

AQ Guide to Completion

Court Fees

Data Protection non Compliance

Witness Statements for Court Bundle

Banking Code Website

Limitations Act

Fast Track Costs

A-Z Index

Mis-Claim Tutorial

Step By Step Instructions

 

Remember: The Ark was built by amateurs-The Titanic by professionals.

 

Please click my scales if you find my advice helpful !

 

If your claim is successful, please donate 5% so that it can continue to help others.

 

Your decisions and actions are your own, and should you be in any doubt, please seek qualified professional legal Help.

 

WARNING TO ALL

Please be aware of acting on advice given by PM .Anyone can make mistakes and if advice is given on the main forum people can see it to correct it ,if given privately then no one can see it to correct it. Please also be aware of giving your personal details to strangers

 

HAVE YOU BEEN TREATED UNFAIRLY BY CREDITORS OR DCA's?

 

YOU CAN NOW COMPLAIN TO THE OFT ABOUT THEIR CONDUCT UNDER THE CONSUMER PROTECTION FROM UNFAIR TRADING REGULATIONS 2008.

Share this post


Link to post
Share on other sites
Sign in to follow this  

  • Recently Browsing   0 Caggers

    No registered users viewing this page.


  • Have we helped you ...?


×
×
  • Create New...