hi ive had a complete borrowed amount of14,575 from QQ between may 2009 mar 2011. over this duration we repaid a complete of3148 in interest over this era. We have all my statements from QQ everything that is stating had compensated. Will quick quid spend me personally straight straight back for the loans which can be over 6 payday loans Oklahoma yrs old or have actually I got no possibility of seeing the older loans refunded?
be therefore grateful for the assistance? if anybody has any experience that is past loans over 6 years of age.
Sara (Debt Camel) says
Hi Brad, the Financial Ombudsman solution is wanting to determine whether or not to glance at loans over 6 yrs old and these full situations are on hold until it will. You’ll want to get the plaint into QQ asap and get it to then the FOS after 8 days precisely вЂ“ then if the FOS decides it canвЂ™t consider the older loans, you are going to continue to have as much as feasible within time.
many thanks Sara. We decided to go to qq in the 23/8/16 so its just been a couple of weeks thus far. must I get right to the ombudsman now or watch for their 8 week reaction. im worried im planning to overlook the1000s before the 6 mark year. Perhaps you have been aware of the ombudsman having to pay on loans over the age of 6 years or they simply frozen until they determine what to accomplish?
appreciat 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 whom ntacted me personally regarding the 7th of September seeking my bank statements, credit history and if I experienced ever told QQ I happened to be in monetary trouble. September they gave me a deadline to reply with the details by 14th. Do you realize when they place the same due dates to QQ and, in that case, does which means that that if QQ drag it out itвЂ™ll wait my situation a lot more?
Additionally, does anybody have rough concept of just how long it will require for the adjudicator in order to make a choice? ItвЂ™s now almost three months since We first plained to QQ so that itвЂ™s actually beginning to drag away 🙁
Fast Quid get back once again to Adjudicator suggesting they donвЂ™t have actually to inquire of nsumer for spending ahead of 2014. And they shall maybe perhaps not refund such a 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 maybe not certain that this might be among the techniques utilized by Quick quid to drag it much longer.
Sara (Financial Obligation Camel) says
вЂњdonвЂ™t have actually to inquire about for spending prior to 2014вЂќ this argument is comparable to a lender that is payday they didnвЂ™t need to credit check you before 2014 that I composed this informative article about: s:debtcamel../payday-loan-credit-sres/. It really is theoretically real BUT then QQ should have taken acunt of this, noticed that you were dependent on these loans and stopped lending if you ntinued to borrow from them month after month (which in your case sounds as though it was for a very long time. Or of urse they uld have expected you to definitely offer information regarding your ine and spending because they donвЂ™t have to do something doesnвЂ™t mean they uldnвЂ™t do it and this would have been something a responsible lender should have nsidered if they were worried вЂ“ just.
A loan provider needs to simply simply take acunt of whatever they knew. Then they uldnвЂ™t take acunt of that BUT they did know that you were repeatedly borrowing from them suggesting the loans were unaffordable if they didnвЂ™t know your expenditure. And so they ignored this.
It seems as if this really is an extremely good instance to try the Ombudsman.
Many Many Many Thanks Sara, i am going to wait till reaction from adjudicator as she’s going to need to view point raised by fast quid then let me know her reaction. I really hope adjudicator donвЂ™t change 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.