• Welcome to the LegalBeagles Consumer and Legal Forum. If this is your first visit to LegalBeagles and you need assistance then you can ask a question here;
    Create a Thread
    Please Register to get the most out of the forum. Registration is free and only needs a username and email address.
    REGISTER
    Please do not post your full name, reference numbers or any identifiable details on the forum.

Payday Loans and Ombudsman Appeals

Collapse
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • Payday Loans and Ombudsman Appeals

    My son used a payday loan firm whilst he was in financial difficulty. Unsurprisingly this did not help him get out of debt. My son completed the application form and put incorrect information about his day to day costs on the form so as to give the impression that his earnings covered his costs. Were the payday loan company at fault for accepting apparently unlikely values on an application form? Should they have checked this more thoroughly? Did my son commit an offence by putting false information on an application for a loan? Is there a case for applying to the ombudsman for compensation? Is there a time limit for challenging this?
    Tags: None

  • #2
    If he pushes it he risks having a CIFAS application fraud mark put against him - that could cause far more problems for him than he'd gain by claiming unaffordability through the ombudsman.

    What is the current position with the loan ?
    We may not win by protesting, but if we don't protest we will lose. If we stand up to them, there is always a chance we will win. Hetty Bower

    Any support I provide is offered without liability, if you are unsure please seek professional legal guidance.

    Received a Court Claim? Read >>>>> First Steps

    If we have helped you we'd appreciate it if you can leave a review on our Trust Pilot page

    Find Solicitors offering fixed fees on our sister site - JustBeagle.com

    Comment


    • #3
      Hello and thank you for your response and advice. The current position is that the loan and interest were paid off (by me!). I'll heed your advice as he is in enough financial mess already!

      Comment


      • #4
        Sadly I think that is the best option. Annoyingly, they'd probably have leant to him had he put down his truthful information in the application, and then he would have had a complaint to make. It's just not worth the risk of having a Fraud marker put against him as it would stay there for the next six years. His credit file is likely suffering from defaulting on the loan anyway, and that it was a payday loan has an even greater effect, so he's unlikely to be getting much in the way of credit anytime soon ( a blessing most likely ).

        I hope he's paying you back ( however slowly ).

        What else has he got going on financials wise?, anything you need help with just shout, or have a read about others dealing with those companies across the forum for ideas xx
        We may not win by protesting, but if we don't protest we will lose. If we stand up to them, there is always a chance we will win. Hetty Bower

        Any support I provide is offered without liability, if you are unsure please seek professional legal guidance.

        Received a Court Claim? Read >>>>> First Steps

        If we have helped you we'd appreciate it if you can leave a review on our Trust Pilot page

        Find Solicitors offering fixed fees on our sister site - JustBeagle.com

        Comment

        View our Terms and Conditions

        LegalBeagles Group uses cookies to enhance your browsing experience and to create a secure and effective website. By using this website, you are consenting to such use.To find out more and learn how to manage cookies please read our Cookie and Privacy Policy.

        If you would like to opt in, or out, of receiving news and marketing from LegalBeagles Group Ltd you can amend your settings at any time here.


        If you would like to cancel your registration please Contact Us. We will delete your user details on request, however, any previously posted user content will remain on the site with your username removed and 'Guest' inserted.

        Announcement

        Collapse

        Court Claim ?

        Guides and Letters
        Loading...



        Search and Compare fixed fee legal services and find a solicitor near you.

        Find a Law Firm


        Working...
        X