Just thought I'd share this information as it may to be of some help to some forum members.
A few years ago I stupidly got myself into quite a considerable debt by taking out payday loans, credit cards and overdrafts.
It's all in the past and paid paid off after I set up a Debt Management Plan with Stepchange a Debt Management Charity (who were absolutely brilliant and absolutely free) anyway that's not the point of this topic but again may help someone.
I recently was advised about a website Debt Camel in which I could complain and get money refunded because people lent me money without doing their proper Affordability checks. The website has advice and guidance step by step about putting in complaints against Payday Loan companies, Credit Card Companies, basically anyone who can give you credit.
I thought it too good to be true but after reading many peoples comments on it, there are some amazing success stories with people getting upwards of £20,000 refunded, so I gave it a go.
After going back on my bank statements and emails I gathered up all the payday loan companies I ever used and fired them off an email complaining, 13 different companies and countless loans. Couldn't believe there was that many.
Anyway, what hapens is they respond to your email either upholding your complaint and making you an offer or telling you to piss off.
I've had 12 responses with only 2 offers, the rest I was told I'm pissing against the wind basically. I accepted one of the offers which was about £350.00 and rejected another with only £100.00.
If they reject your complaint what you do is send it off to the Financial Ombudsman to investigate for you and it seems to be more often than not you get a result.
I've only started the process at the end of November and have sent 11 complaints to the Financial Ombudsman to investigate for me. It is a slow process and you need to be patient but so far I'm £350.00 up with hopefully quite a bit more to come.
For anyone interested I will keep you posted in this thread.
Debt Camel: debtcamel.co.uk
Hopefully this can help a few of you.
« Last Edit: Jan 17, 2017 11:35:18 am by higgy_sham »