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Mr Lender Says No


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Hello , I have read through several times and been looking at ways to help you ..I would argue with the FOS , that in back in 2014 you believe Mr Lender was issuing loans without doing sufficient affordability checks , if the FOS have made Mr Lender pay back money to other people then its obvious MrLender wasn't doing sufficient checks at the time , I've noticed you missed out on your application "other loans " ?, I believe MrLender should have picked this up with regards cross referencing your credit report with application form with the amount of loans which would have been on your report. I have been in your situation and and I know from experience they don't do affordability checks even now , I've just got back my interest from MYJAR and that was from loans taking recently. The time it takes to complete application to money going in bank is far to quick for them to sufficiently check your application, all they bothered about is you are employed not even that for some , and have a debit/credit card to check against you credit report just to confirm to say you are who you say you are !! & that's it .. They not bothered if you can afford it.. When I got my credit report I had no defaults everything was paid on time but the amount of credit taken out was clear to see I was in financial difficulties, bank loans , credit cards , car loan, several payday loans , similar to yours , it was obvious at the time I was struggling, all I was concerned about was keeping my credit report clean and was taking loan after loan I was in right mess, after 4 years I had to call it a day and now on a Payment plan , my credit report ruined and still 15k in debt , but I'm in the process of claiming back my interest like you and that alone if successful should clear my debts, so if I was you I shouldn't give up .. We know the Payday loans wasn't affordable, even going for a Payday loan in the first place indicates we in some kind of financial difficulties..

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Thanks very much for this and I appreciate you taking the time to help me. I was in exactly that position, I wanted to maintain my credit file and therefore was stuck in a cycle of borrowing from Peter to pay Paul. This went on for almost 18 moths before I sought excellent advice from this forum and tried to remedy my initial mistake of taking that first ever loan. I'm still paying back some loans now and my credit file is shot. I've currently got a complaint in ith PaydayUK as well and the eight weeks is up today. They did however refund me £33 interest from a previous loan but I believe that this was seperate from my complaint.I've still got MyJar, 247money, wonga and others to begin the complaint process with. I do have a complaint in with wonga at present but that was to reflect the way they treated me when I explained my situation rather than to seek redress. It's not so much the refunds that I'm after (although it will obviously help) but rather that entries be removed from my credit file.I'm not going to give up now I've made the decision to escalate, I think I felt that the adjudicator was swaying towards the side of the lender rather than being impartial and on that basis decisied not to let it lie. If the ombusdman decides in favour of the lender then so be it, at least I'll know I've tried. Good luck with the rest of your complaints, I'll keep you posted on mine. I should hopefully hear something today from the adjudicator.I've not heard of the other website but I'll have a quick look now :)

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UPDATE: Had an email from the adjudicator saying my complaint is now in a queue to be looked at by the ombudsman. Also (stragely at the same time) received an email from PaydayUK stating that they basically haven't had chance to look at my complaint and suggesting that I now cotntact the Ombudsman. Should I give them more time or simply escalate?

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Hello 8 weeks is adequate time to get a reply I should go straight to Financial Ombudsman . Once the 8 weeks is up for me and I haven't got the outcome I want I will be going straight to FB .. Some good reports on Debt Camel and help topics .. Regards MrLender I think you have been unlucky with decision , hopefully it will get sorted.

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