Buddy Loans Refund Claim

Buddy Loans Refund Claims

If you believe you were mis-sold, you can make a claim for irresponsible lending against Buddy Loans. Find Out how much you may be owed!

START A CLAIM

Why could I receive a Buddy Loans Refund?​

Was the loan affordable to you before Buddy Loans granted your application for a loan? Buddy Loans may have not conducted the correct affordability checks.

 

Did your loan have excessive charges combined onto it, such as high interest and charges? The FCA has introduced a price cap to protect borrowers from excessive charges.

Did you tell your lender that the loan was unaffordable but they continued anyway?
The lender should have realised that the loan was unaffordable and not given it to you. This is irresponsible lending.

During your application process, you may have not mentioned all of your debts. If this didn’t match with your credit record, Buddy Loans should have ensured to double-check this.

When you applied for the loan, you may have not stated your correct regular income, due to be self-employed or your job history changing during this time, then Buddy Loans should have looked at this and ensured you had a regular, consistent income before giving you a loan.

If any of the above statements describe your experience with Buddy Loans and left you unable to pay the loan, you could be eligible to claim compensation. Start your claim below for professionals to guide you through the process.

You do not need to use a claims management company to make your complaint to your lender. If your complaint is not successful you can refer it to the Financial Ombudsman Service yourself for free.

Buddy Loans Compensation

If you had or still have a guarantor loan such as those provided by Buddy Loans then you could be due compensation if this loan or any subsequent loans were mis-sold. The Financial Conduct Authority (FCA) has undertaken a review of the selling practices undertaken by the firm which has resulted in a spike in complaints both from borrowers as well as the guarantors.

The Citizens Advice said more than 3,000 people sought help with guarantor debt, as well as the market, being a focus of a Panorama documentary, highlighting the raise of high-cost credit in the UK.

In their latest numbers, The Financial Ombudsman upheld 77% of complaints against Guarantor Loans

FAQs

 

What Information Do I Need to Provide?
We just need is the name of your lender and your personal details including the address that you lived at when registering with them. Once we have these we can obtain details of any loans where a refund may be due.

How much do you charge?

We work on a no win no fee basis. We charge 36% (30% + VAT) on any successful claims of the total refund received from your lender. If you cancel our service without our agreement after 14 days and after we submit your claim you will be liable to pay our full success fee should your claim be successful.

How Do I Submit My Claim?

Simply complete our online application form by clicking on the "Start A Claim" button. This is the first stage of your complaint to the lender where you could receive compensation.