Has anyone ever got compensation for Irresponsible lending?

I am no expert but financial institutions must have tick boxes and will get away with it. I can see you spending an enormous amount of time fighting a lost cause and getting yourself more stressed. That said, I am not an expert.

I got caught up in trying to get over 35 online gambling accounts who certainly didn't adhere to responsible gambling, to pay me some form of refunds. Absolute waste of time and I gave up as it was upsetting me when I needed to concentrate on recovery

Stuart

I did manage to get some money back. I went through a company, however they took 25%. If you don't try you don't get. Some ended up going to the financial ombudsman but they chose to punish the companies and I got some money back. I recommend doing this alone rather than through a separate company, however they do operate a no win no fee option so does take away some stress. You will need to dig out lots of evidence but it's worth it if you get some success.

Good luck, and stay strong 👍 

I should have mentioned that there is an amazing free of charge site run by the government called Resolver. Have you tried using that because they have to reply to you and you can escalate etc. You don't pay anything at all

Stuart

Hello,

Yes, I have. I put affordability complaints in to every credit line I had. I was being given credit when I had more debt than my annual salary.
I have had almost every complaint upheld and interest removed or refunded.

You can do this yourself, I used the templates on the debt camel website, it just takes a few minutes to do. If they are rejected by the lender, send on to the ombudsman (again, very easy).

Good luck 🙂

Hi,

Thanks all for your comments and advice. I have sent off complaints to 3 lenders. Did not use any templates which may be something I look to do if they reject them. One other I couldn't really find a way to submit a compliant without ringing, so haven't got round too.

Just waiting for the other 3 to get back to me after they have reviewed. Did not submit any evidence as was not asked to, but I am sure they will ask for after their replies, if not I have it ready anyway.

I got all my bank statements saved and filed for the 2 years, as well as a spreadsheet documenting all lending and borrowing received during the period along with associated costs.

If anything it was interesting/ eye opening to see how crazy them times were...

Thanks again all 🙂