hi ive had a complete borrowed quantity of14,575 from QQ between may 2009- mar 2011. over this duration we repaid a total 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 right straight back for the loans which are over 6 yrs old or have actually no chance was got by me of seeing the older loans refunded?
be therefore grateful for the assistance? if anybody has any experience that is past loans over 6 years old.
Sara (Financial Obligation Camel) says
Hi Brad, the Financial Ombudsman solution is wanting to determine whether or not to have a look at loans over 6 yrs . old and these full situations are on hold until it can advance payday loans online Vermont. You ought 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 go through the older loans, you are going to nevertheless have up to feasible within time.
many many thanks Sara. We went along to qq regarding the 23/8/16 so its just been a couple of weeks to date. must I get right to the ombudsman now or watch for their 8 week reaction. im worried im likely 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 to complete?
appreciat your assistance. many many many thanks, Brad
additionally we nevertheless have1200 outstanding using them that I owe
My plaint with QQ got passed away to an adjudicator whom ntacted me personally in the 7th of September requesting my bank statements, credit history and if we had ever told QQ I happened to be in economic difficulty. They provided me with a due date to respond using the details by 14th September. Are you aware when they place the same due dates to QQ and, if that’s the case, does which means that that if QQ drag it out itвЂ™ll wait my situation much more?
Additionally, does anybody have rough concept of exactly how long it will require for the adjudicator in order to make a determination? It is now almost a couple of months so itвЂ™s really starting to drag out since I first plained to QQ 🙁
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 perhaps perhaps maybe 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 not certain that this might be one of many techniques utilized by Quick quid to drag it much much longer.
Sara (Financial Obligation Camel) says
вЂњdonвЂ™t have to inquire of for spending prior to 2014вЂќ this argument is comparable to a lender that is payday they didnвЂ™t need certainly to credit check you before 2014 that I penned this short 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 facts about your ine and spending when 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 simply take acunt of whatever they knew. Should they didnвЂ™t understand your spending, chances are they uldnвЂ™t simply take acunt of this nonetheless they did understand that you had been over and over borrowing from their website suggesting the loans had been unaffordable. And so they ignored this.
It seems as if this can be an extremely case that is good decide to try the Ombudsman.
Many Thanks Sara, i shall wait till reaction from adjudicator as she will need to glance at point raised by fast quid then inform me her reaction. 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 (Debt Camel) says
If she does (and ideally she wonвЂ™t since this is not actually a severe argument from QQ) then e straight back right here as (a) it is possible to talk about it with all the adjudicator and (b) escalate to the Ombudsman degree if required.