They are now not going to get the full amount of compensation that FOS would have assessed although I am encouraging people to put in complaints.
It is not a situation that is acceptable.
The FCA has known for several years that Sunny was not making good offers to complaints in the case of Sunny. Why has got the FCA permitted this to keep?
And just why gets the FSCS perhaps perhaps not been stretched to pay for clients who’ve been provided unaffordable loans?
We detailed my proposals in most payday loan providers get under вЂ“ ended up being such a thing learned from Wonga? plus they stays relevant now. With every lender that is high-cost goes under, the necessity for action by the FCA gets considerably urgent.
Remarks with this article are actually shut. Be sure to keep any reviews on: 500,000 Sunny users owed refunds are certain to get small or nothing
October 5, 2020 writer: Sara Williams Tagged With: higher expense credit news/policy, Sunny
Me personally too, published on right here a days that are few. Has simply no basic concept why?? i will be additionally building my credit history up and ended up being lookin ok until вЂElevateвЂ™ included 6 loansвЂ¦..
ItвЂ™s therefore irritating I have no way of contacting them to ask why that they have added previous settled loans to my credit file and? It is like being stung by them yet again.