No Win, No Fee
You are only charged after the claim has been won and you have your refund! The success fee is calculated as a percentage of the total compensation you receive. If we are not able to obtain an offer you will not be charged. You can read more about fees here.
If you cancel your agreement with us or break your agreement with us before the end of the process we will charge you a cancellation fee.
RewardRate Mis-Selling
RewardRate is a new loans product offered by Amigo Loans. Amigo Loans have been at the heart of the recent mis-selling scandal, due to the large numbers of unaffordable loans they approved over many years. Hundreds of millions of pounds have been reclaimed by past customers. This meant Amigo had to only pay a portion of what they owed customers to survive through a scheme of arrangement.
RewardRate offer personal loans at 49.9 per cent APR without a guarantor, or guarantor loans at 39.9 per cent. This compares to 49.9 per cent for guarantor loans that Amigo loans offered. However, both customers could see their rates cut to 34.9 per cent APR for making payments on time. This is still a high-cost loan offering which could see customers paying thousands in interest on a relatively small loan.
If you believe you have had a mis-sold or unaffordable loan from RewardRate Loans then start your claim today!
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!
We are a claims management company that can help establish and process claims on behalf of consumers to recover compensation against various types of lenders. You do not need to use a claims management company to make your complaint to your lender or the Financial Ombudsman for free.
Why Could I Receive A RewardRate 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. Amigo 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 RewardRate, you could be eligible to claim compensation. Start your claim below for professionals to guide you through the process.
Maximise Your Compensation
After obtaining a credit report, we will review your previous borrowing and can help you claim from an extensive list of lenders.
Your complaint is handled by professionals
Your claim will be handled by an experienced team, who will complain to your lender on your behalf.
Reclaimed funds to be Transferred
After a claim is successful, the redress money is transferred straight to you.
Our claims handler has a 4.6* Trustpilot score
"They have done it again. After fees paid to them £3200 in the bank, money that was long gone 10 years ago. Thank you very much . Laura was extremely helpful this morning Very much appreciated." - RY, Trustpilot
"You helped me a lot, saved me from bankruptcy. Very professional. I want to thank you all for your effort. You save me and my kids." - SH, Trustpilot
"Very good service . I received great results with little effort" - LC, Trustpilot
"Excellent support and service. I received back approx £3,500. Highly recommended and easy to deal with." - KW, Trustpilot
FAQs
Are RewardRate the same as Amigo Loans?
RewardRate is the new trading name for Amigo Loans. They changed it after Amigo's scheme of arrangement.
Why Use The Claims Guide For My Claim?
Help Maximising Claims - We will go through your previous borrowing and help you claim from an extensive list of lenders. Other claims companies will more likely turn you away if you are not claiming against one of their few approved lenders.
We Make It Easy - Claiming a refund can be a daunting task. We make it easy and ensure everything you need is included so you don't have to spend much time on it.
Professional - Each claim is different and specific circumstances that are relevant to the claim should be explained by a professional. The Financial Ombudsman has previously been unable to progress some complaints that involved a “template” or “standard letter”.
How Much Will I Receive If My Claim Is Successful?
If you successfully claim a refund from a lender, you can claim back the interest and charges on your loans, plus, typically, 8% statutory interest. For more information on how this is calculated click here.
What Information Do I Need to Provide?
You just need to provide the name of your lender and your personal details including the address that you lived at when registering with them. Once you have given these we can obtain details of any loans where a refund may be due.
How much will I be charged?
Claiming through us always works on a no win no fee basis, meaning you won't pay a thing unless you win compensation. You will have the right to cancel the agreement within 14 days with no penalty. If you cancel after 14 days you may be charged for work done up until the time of cancellation. We use multiple partners to ensure we are able to offer claims against all lenders, from whom we receive payments. The exact fee structure will depend on which lender you are claiming against, as this decides which of our partners is most suitable for your claim. A breakdown of our fee structure can be seen here. The fees for Diesel Emissions Claims are calculated differently due to it being a group action lawsuit.
How Do I Submit My Claim?
Simply complete our online application form by clicking on the "Get Started" button. This is the first stage of your complaint to the payday lender where you could receive compensation. For more information on the process please click here.