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 saying every thing We had compensated. Will quick quid spend me personally right straight back for the loans which are over 6 yrs old or have actually I got no opportunity of seeing the older loans refunded?

be therefore grateful for the assistance? if anybody has any previous experience on loans over 6 yrs old.

Sara (Financial Obligation Camel) says

Hi Brad, the Financial Ombudsman solution is wanting to choose whether or not to check loans over 6 years old and these 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 go through the older loans, you are going to continue to 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 up to now. do I need to get right to the ombudsman now or watch for their 8 response week. im worried im likely 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 complete?

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 on the 7th of September requesting my bank statements, credit report and I was in financial difficulty if I had ever told QQ. September they gave me a deadline to reply with the details by 14th. Have you any idea out it’ll delay my case even more if they put the same deadlines to QQ and, if so, does online payday loans Florida that mean that if QQ drag it?

Additionally, does anybody have idea that is rough of long it can take for the adjudicator in order to make a choice? It is now almost a few months so it’s really starting to drag out since I first plained to QQ

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’ll 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. perhaps maybe not certain that this is certainly one of many strategies utilized by Quick quid to drag it 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 certainly to credit check you before 2014 that we published this short article about: s:debtcamel../payday-loan-credit-sres/. Its 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 factual statements about your ine and spending should they had been concerned – simply because they don’t want to do something does not suggest they uldn’t do so and also this could have been one thing a accountable loan provider must have nsidered.

A lender needs to just just just 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. In addition they ignored this.

It seems as if this really is a really case that is good try the Ombudsman.

Many Many Thanks Sara, I will 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’m concerned given that she may alter her initial choice.

Sara (Financial Obligation Camel) says

If she does (and ideally she won’t as this is not actually a severe argument from QQ) then e straight back right here as (a) you can easily talk about it with all the adjudicator and (b) escalate to the Ombudsman degree if required.