Borrowers who believe they have been mis-sold loans by sub-prime lender Amigo may see payouts capped under a new plan.
Amigo wants anyone whose complaint is yet to be resolved to take a proportion of a pot set aside for compensation. The lender has been receiving a deluge of claims for...
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Amigo Loans: Bid for survival with plan to cap compensation
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5corpio started a blog post Borrowers sold unaffordable loans by Wonga will find out in days how much compensation....in 5corpioBorrowers sold unaffordable loans by Wonga will find out in days how much compensation....
........they will get.- Wonga went into administration in August 2018
- Between April and August 2019 it received 390,000 successful complaints
- Those due payouts after being sold unaffordable loans were told they would find out how much they will get at the end of January 2020
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Payday firm CFO Lending forced to repay £35m to borrowers
Payday firm CFO Lending forced to repay £35m to borrowers
This is a duplicate of the Blog Entry made on: 19th September 2016 12:17
A payday lending business has been forced to repay £35m to its borrowers for a catalogue of wrongdoings....
The company took money from its -
The 'gift' from your credit card that pushes you into debt
The 'gift' from your credit card that pushes you into debt
This is a duplicate of the Blog Entry made on: 3rd June 2016 13:58
Unrequested credit limit increases harming borrowers, warns charity...
Many of us will recognise the letter. It arrives, unannounced from your credit -
Borrowers making up to 4,000 complaints about PPI every week
Borrowers making up to 4,000 complaints about PPI every week
This is a duplicate of the Blog Entry made on: 26th May 2016 15:50
Payment protection insurance is triggering up to 4,000 complaints a week to the Financial Ombudsman Service, which said the claims management industry and... -
Barclaycard customers face higher bills as UK's biggest credit card provider announces it........
Barclaycard customers face higher bills as UK's biggest credit card provider announces it........
This is a duplicate of the Blog Entry made on: 18th November 2015 10:01
......link interest to base rate...
Britain’s biggest credit card provider will automatically hike -
FCA tells banks to help struggling credit card borrowers
http://www.telegraph.co.uk/finance/n...borrowers.html
'.By contrast when customers make the minimum payment each month they do not appear in the lenders’ systems as distressed or struggling and they are particularly... -
Money Shop Owner Faces £15.4m Customer Payout
Money Shop Owner Faces £15.4m Customer Payout
This is a duplicate of the Blog Entry made on: 27th October 2015 12:36
Dollar agreed the payout after failings including lending more money to many of its customers than they could afford to repay...
The owner of high street lender -
Warning over balance transfer credit card fees
Warning over balance transfer credit card fees
This is a duplicate of the Blog Entry made on: 22nd September 2015 10:06
Borrowers could be caught out by fees on balance transfer credit card deals after being enticed by 0% interest offers, a consumer group has warned....
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Guarantor lending 'as damaging' as payday loans, warns charity
Guarantor lending 'as damaging' as payday loans, warns charity
This is a duplicate of the Blog Entry made on 17th July 2015 10:55.
*So-called guarantor loans have the potential to be "just as damaging" for borrowers as payday loans, Citizens Advice is warning. *... -
Mortgages: Borrowers warned over fees on low-rate deals
Mortgages: Borrowers warned over fees on low-rate deals
Homeowners wanting to take advantage of tumbling mortgage rates are being warned to look out for high fees attached to them.
It follows news that the Co-op is launching a two-year fixed mortgage at 1.09%,... -
Divorce and debt assignment
Hi,
In the financial order if the respondent is given a joint debt (e.g. a loan), and court order granted for this. how does this get sorted out - i.e. the account name (is the account name put into the name of the respondant as per the court order, the credit file for the petitioner,...Last edited by malamute; 7 April 2015, 09:48. -
Many payday lenders still failing borrowers, says FCA
Many payday lenders still failing borrowers, says FCA
This is a duplicate of the Blog Entry made on 10th March 2015 12:00.
*Too many payday lenders are still failing to be fair to customers who have fallen into arrears, according to the Financial Conduct Authority (FCA).*...... -
Lending Stream
I am a new member and would like to thank anyone who takes the time to read my message, any advice and guidance will be very much appreciated.
I am hoping that you can offer me some guidance.
Firstly I am in full time employment, however over the past few months I have... -
Barclays loan agreement 2008
Hi, I'm in a dispute with Barclays re a loan that commenced July 2008 - the reason I'm claiming an interest refund is that my friend took out the same product 3 months ater & got an interest refund - but I have not received one. I am not sure whether it is the loan agreement or annual statement...
