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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Wonga: Fourfold rise in compensation claimant estimate
More than 40,000 customers of former payday lender Wonga are seeking compensation with more expected to follow suit, administrators have said. The total is four times the previous estimate, accountants Grant Thornton said, although many will expect little in terms of redress. These customers have complained... -
5corpio started a blog post consortium cash call rescues payday lender Wonga from insolvencyin 5corpioconsortium cash call rescues payday lender Wonga from insolvency
Wonga, one of Britain's largest short-term money-lenders, has been saved from going bust by an emergency £10m cash injection from a consortium of high-profile technology investors. Sky News can exclusively reveal that Wonga, which was among the pioneers of the UK's online payday lending sector,... -
Payday loan complaints see sharp rise despite new rules
Payday loan complaints see sharp rise despite new rules
This is a duplicate of the Blog Entry made on: 13th June 2017 19:01
Complaints about payday loans have risen sharply for the second consecutive year despite strict new regulations limiting interest charges....
The -
New payday loan regulations come into force
New payday loan regulations come into force
This is a duplicate of the Blog Entry made on: 31st May 2017 09:32
New payday loan regulations come into force on Friday, requiring all online lenders to advertise on at least one price comparison website....
The new rules are -
Bad credit history but all say settled ?
Hi I'm new to the forum, I've been looking into my credit file. I use to be a real nightmare with paying things, but for the last 4-5 years, I've been better with it. all my payments except 1 have either been settled or I'm still paying them eg
s. I just don't understand how it can be so bad,...
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Help and advice for debt of over £80k+
Hello all I'm new to this forum and I'm really hoping you are all a friendly bunch who won't judge me too much
My husband and I have always been in debt for as long as we've been together, and we are at the point where we are just being crippled every month with high interest and fallen... -
Debt/income expenditure form
Hi. Im new here and looking for some help.
A bit of background info:
I was in debt for a good few years starting about 8 years ago. Eventually cleared it up via a DMP 3 ish years ago. My credit score was destroyed then and still hasnt recovered but is very slowly creeping... -
Wageday Advance email contact details
Hi
Strange question this but does anyone have any emails you have kept from Wageday Advance from circa 2011 to 2013 at all?
I just need the header details from the bottom of the emails for a Payday Loan complaint I have with them.
Im aware they have changed offices in... -
Would court action be taken for £120 Debt
Just wondering whether Court action would be likely for a £120 debt to a payday loan company?
Thanks -
Ferratum - claiming back interest charges
Hello all
has anyone had any dealings with Ferratum?
i like many people have gotten into the cycle of taking multiple payday loans out to pay another back and to make ends meet ending up in a debt spiral so im amazed that this company state on their website FAQs "... -
22 years old and over my head in debt.
Hi.
First of all I am new to this forum and would like to say how nice it is to see all the people giving advice and a helping hand to others. I'm sure 99% of us on here have been in debt and financial difficulty at some point in our lives.
i will start of with a little... -
22 years old and over my head in debt
Hi.
First of all I am new to this forum and would like to say how nice it is to see all the people giving advice and a helping hand to others. I'm sure 99% of us on here have been in debt and financial difficulty at some point in our lives.
i will start of with a little bit... -
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 -
Payday loans - My journey
Hi
This is the first time I have ever posted on a forum so forgive me if I get things wrong.
I just wanted to say thank you to everyone who takes the time to post advice for other people's benefit. I have researched for many hours the various posts before finally taking the plunge...Last edited by Dantayler; 6 July 2016, 21:10.
