Buddy Loans Refund Claim

Buddy Loans Claims & Refunds

If you believe you were mis-sold a loan, you can make a claim a refund 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?​

There are various reasons why you may be due a refund from a lender. The main reason for a claim is that the loan was unaffordable. These are general signs that the lender did not perform sufficient affordability checks:

The amount borrowed increased loan by loan without reassessing your situation

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The loan was extended each month without reassessing your situation

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You were struggling to pay essentials (rent, bills, food) because of my repayments

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You had to borrow money from another lender to pay back a loan or cover essentials

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Your income changed between taking out and repaying the loan but the lender didn’t check

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The lender didn’t ask you any questions to confirm that I would be able to repay the loan in a sustainable way

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You rolled over your loans

Even if during your application process, you did not mentioned all of your debts or stated your correct regular income. Buddy Loans should have checked your credit record 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, you could be eligible to claim compensation. Start your claim below for professionals to guide you through the process.

For Hassle-Free Refunds

A claims specialist
can do all the hard work so you don't need to!

Simple Process

Making a claim is simple. With just a few details you can start your application.

No Win, No Fee

You are only charged after the claim has been won and you have your refund!

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