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 period. We have all my statements from QQ everything that is stating had compensated. Will quick quid spend me personally back for the loans which are 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 (Debt Camel) says
Hi Brad, the Financial Ombudsman solution is attempting to determine whether or not to glance at loans over 6 years old and these full instances are on hold until it can. You will need 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 can expect to continue to have up to feasible within time.
many thanks Sara. We went along to qq regarding the 23/8/16 so its just been a couple of weeks thus far. do I need to get directly to the ombudsman now or watch for their 8 week reaction. im worried im planning to lose out on the1000s before the 6 12 months mark. Maybe you have heard about the ombudsman having to pay on loans more than 6 years or they simply frozen until they determine what doing?
appreciate your assistance. many many thanks, Brad
additionally we nevertheless have1200 outstanding I owe with them which
My plaint with QQ got passed away to an adjudicator who ntacted me personally regarding the 7th of September requesting my bank statements, credit history and if I experienced ever told QQ I became in economic trouble. September they gave me a deadline to reply with the details by 14th. Did you know out itвЂ™ll delay my case even more if they put the same deadlines to QQ and, if so, does that mean that if QQ drag it?
Additionally, does anybody have idea that is rough of long it will require for the adjudicator to help make a determination? It is now almost a few 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 of nsumer for expenditure just before 2014. and they’ll maybe perhaps 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. perhaps perhaps perhaps perhaps not certain that that is one of many strategies employed by Quick quid to drag it much much longer.
Sara (Debt Camel) says
вЂњdonвЂ™t have to inquire of for spending prior to 2014вЂќ this argument is comparable to a payday lender saying they didnвЂ™t need certainly to credit check you before 2014 that I 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 website thirty days after thirty days (which for you personally appears as if it had been for a long time) 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 provide information regarding your ine and spending should they had been concerned вЂ“ simply because they donвЂ™t need to do one thing does not suggest they uldnвЂ™t take action and also this could have been one thing a accountable loan provider needs to have nsidered.
A loan provider needs to simply take acunt of whatever they knew. When they didnвЂ™t understand your spending, chances are they uldnвЂ™t simply take acunt of this nonetheless they did realize that you had been over and over borrowing from their website suggesting the loans had been unaffordable. And additionally they ignored this.
It seems as if this really online payday OK is a rather 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 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 may alter her initial choice.
Sara (Financial Obligation Camel) says
Then e back here as (a) you can discuss it with the adjudicator and (b) escalate to the Ombudsman level if needed if she does (and hopefully she wonвЂ™t as this isnвЂ™t really a serious argument from QQ.