Loans At Home May Owe Millions To Customers

Introduction: Do you want to receive thousands of pounds in a short time? Getting compensation from Loans At Home is very easy for past and current customers in the UK. Loan providers are working to get any loan, big or small, to your doorstep. Many people think that it is very difficult to get a loan, but lenders like Loans At Home have been lending to customers who can’t afford the interest. Now many past and present customers can reclaim the money they have spent on interest if the loan was not affordable. Recent figures from the Financial Ombudsman (FOS) shows that 80% of complaints against loans at home were upheld. This may result in Loans At Home paying back millions to customers as has happened to other lenders, like Amigo Loans, recently.

Get Loans At Home Claim: Many doorstep, guarantor and payday lenders have been giving loans to customers who couldn’t afford them. The FCA has been cracking down on this, and that has led to customers reclaiming millions from various lenders in the UK. Amigo loans has ended up owing hundreds of millions to customers. Provident is also trying to enter a scheme to pay customers redress because of the large number of complaints they are receiving. 

Loans At Home, owned by Non Standard Finance PLC, have had an 80% uphold rate of complaints sent to the FOS. This means they have had to pay redress to four out of every five complaints made against them to the FOS. This could mean many more past and present customers could receive refunds.

To make a Loans At Home Claim, you can do it yourself. But if you don’t want to you can use a claim management company to claim for you. Don’t be discouraged if you fail to make a complaint to the lender for an unaffordable loan. If you fail after you have filed a complaint with the lender, you can make a free referral to the Financial Ombudsman Service.

Think about whether any home product was affordable before granting a loan. Did the lender ever think about the affordability of the loan? When you borrowed, you would have been charged a high interest. Lenders like Loans At Home have excessively high interes. Before taking a loan, one always has to provide accurate information about one’s income. Even if you do not provide accurate information of your income in the application form at the time of taking the loan, it may be a reason to get a refund on the interest of the loan. 

Last words: If you are a current or past customer of Loans At Home, it is worth looking into whether the loan was unaffordable, and potentially getting a refund.