Procedure for payday refund https://www.redbridgefinance.co.uk/
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With the recent law in 2015 concerning payday operations, people with debts from these lenders are seeking compensation claims. More often than not, you are sure of a successful appeal especially when the amount borrowed becomes a long-term loan with recurrent repayments.
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It’s possible to successfully get a payday loan refund which is usually based on the interests accrued on loan over the given period. Hence, you will be free of the high-interest rates.
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To guarantee the success of your payday loan refund, we make an appeal to the lenders and even take the case up to the Ombudsman when a lender proves difficult. Most times, the Ombudsman supports the complaints of customers in 70% of payday loan cases brought in for arbitration.
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Most of the outstanding debts could be written off with the right approach to these lenders as the principal amount obtained as loan may have been paid already in the course of repayments.
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The Ombudsman investigates into the case and instructs the lenders to give a refund of all interests with 8% simple once these lenders are found guilty of irresponsible lending operations. Hence, you only get to pay up the principal amount initially borrowed and be free of excessive charges.
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We would relentlessly work on the case with complete confidentiality and professionalism to receive a favourable outcome.
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So if you have taken multiple payday loans with several companies and currently struggling to settle the debt, then you have a good case. We'd love to hear from you!
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It's worth contacting us as we have a track record of success for payday loan refund.