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 era. We have all my statements from QQ everything that is stating had paid. Will quick quid spend me right straight back when it comes to loans which can be over 6 yrs old or have actually I got no opportunity of seeing the older loans refunded?
be therefore grateful for the assistance? if anyone has any previous experience on loans over 6 years old.
Sara (Financial Obligation Camel) says
Hi Brad, the Financial Ombudsman service is attempting to determine whether or not to have a look at loans over 6 years old and these full instances are on hold until it will. You ought to get your plaint into QQ asap and then obtain it to the FOS after 8 days precisely – then if the FOS decides it can’t consider the older loans, you may nevertheless have as much as feasible within time.
many many thanks Sara. We went along to qq in the 23/8/16 so its just been a couple of weeks thus far. can I get right to the ombudsman now or await their 8 response week. im worried im planning to lose out on the1000s before the 6 12 months mark. Perhaps you have been aware of the ombudsman having to pay on loans avove the age of 6 years or they simply frozen until they determine what to accomplish?
appreciat your assistance. many thanks, Brad
also we nevertheless have1200 outstanding using them that I owe
My plaint with QQ got passed away to an adjudicator whom ntacted me personally from the 7th of September requesting my bank statements, credit report and if we had ever told QQ I happened to be in monetary trouble. They provided me with a due date to respond utilizing the details by 14th September. Do you realize 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 it’ll wait my instance much more?
Additionally, does anybody have any rough concept of just how long it will take for the adjudicator to create a choice? It is now almost three months since We first plained to QQ so that it’s actually needs to drag down 🙁
Fast Quid get back once again to Adjudicator suggesting they don’t have actually to inquire of nsumer for spending just before 2014. And they shall perhaps perhaps maybe 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 cheap title loans. perhaps maybe not certain that this really is one of many techniques utilized by Quick quid to drag it much much much longer.
Sara (Financial Obligation Camel) says
“don’t have actually to inquire of for spending prior to 2014” this argument is comparable to a payday lender saying they didn’t need to credit check you before 2014 that we published this short article about: s:debtcamel../payday-loan-credit-sres/. It’s theoretically real BUT in the event that you ntinued to borrow from their store thirty days after thirty days (which for you personally appears as if it absolutely was for a long time) then QQ must have taken acunt of the, realized that you had been determined by these loans and stopped lending. Or of urse they uld have expected you to definitely offer facts about your ine and spending because they don’t have to do something doesn’t mean they uldn’t do it and this would have been something a responsible lender should have nsidered if they were worried – just.
A loan provider needs to just just just simply take acunt of whatever they knew. Then they uldn’t take acunt of that BUT they did know that you were repeatedly borrowing from them suggesting the loans were unaffordable if they didn’t know your expenditure. And so they ignored this.
It seems as if it is a very good instance to decide to try the Ombudsman.
Many Many Many Thanks Sara, i am going to wait till reaction from adjudicator as she’s going to need certainly to glance at point raised by fast quid then inform me her reaction. I really hope adjudicator don’t alter her decision that is original and to her initial report. I will be concerned given that she might alter her initial choice.
Sara (Financial Obligation Camel) says
If she does (and ideally she won’t as this isn’t actually a critical argument from QQ) then e back right here as (a) you are able to talk about it aided by the adjudicator and (b) escalate to the Ombudsman degree if required.
