Payday Loans are highly attractive as they guarantee quick money and seem ideal for emergency situations but in many instances they can be the cause of much distress.
Payday Lender(s) have a duty of care and consideration towards their clients. Therefore they should carry out thorough checks to confirm that their loan is affordable, and the client can in fact pay this back.
Many Payday Loan providers did not effectively follow the checks required, meaning some clients built up vast amounts of unmanageable debt causing huge stress and personal issues.
If you have ever taken out a Payday Loan, then you too could be entitled to compensation.
Select all of the Lenders you have ever used
Fully complete the form online
Submit the form and leave the rest to us
Where a claim is successful, FTR will charge a contingency fee representing no more than 30% plus VAT (36% total) at the prevailing rate (currently 20%) in respect of any redress/compensation/goodwill payment recovered on your behalf.
You Can Claim If the charges you have incurred were not made clear to you by your Lender.
You Can Claim If you needed to take out further loans from your Lender to cover the initial loan.
You Can Claim If you needed to borrow from a different Lender to cover the initial loan repayments.
You Can Claim If the loan was a significant part of your income leaving you short for your bills, mortgage and food.
You Can Claim If it is clear that your Payday Lender did not carry out the proper checks on your financial position.
You Can Claim If your Payday Lender gave you a loan that was simply not affordable.
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