On Stride Financial is operated by the same company that operated Pounds to Pocket, and offers the same type of instalment loans that Pounds to Pocket used to offer. The main difference is that On Stride Financial offers broader loan amounts and repayment terms, and Pounds to Pocket no longer issues loans.
People who were mis-sold loans by the payday lender Wonga have been told that they will receive just 4.3% of the compensation they are owed. Administrators have begun informing around 400,000 claimants by letter, some of whom have reacted in dismay.Jan 30, 2020
You can use a sample letter to Withdraw your continuous payment authority from payday loan company, by visiting National Debtline. Make sure you tell the payday lender as soon as possible that you’ve cancelled the recurring payment because of difficulties paying back the money.
BRITAIN’S biggest payday lender QuickQuid has collapsed into administration, plunging millions of customers into financial uncertainty. The news comes just over a year after Wonga – at the time the UK’s biggest short-term lender – went bust following a spike in customer compensation claims.
six years You can claim a refund from existing loans and loans you’ve already paid off, as long as you raise the case within six years of taking out the loan (if it’s longer than six years, contact the FOS as in some circumstances, you may still be able to claim).