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Alex J.
Alex J., Solicitor
Category: Law
Satisfied Customers: 3671
Experience:  Solicitors 2 years plus PQE
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Hello ..what can i do if i tried to make a loan and they charge

Customer Question

Hello ..what can i do if i tried to make a loan and they charge to me fee and now they don t want to give my Money back ?
Submitted: 2 years ago.
Category: Law
Expert:  Alex J. replied 2 years ago.
Hi,
Thank you for your question and welcome.
Who was the loan with? And what was the term of the loan?
Kind regards
AJ
Customer: replied 2 years ago.

was Best loans direct and first Time they told as only we need to pay 70£ fee for the transaction of the loan ,after that ask as for 190£,and after for 460£ total of 720£.and yesterday ask for 290 £ more . I did n t have from wherecto send more and i ask ti cancel the loan and to give my Money back

Expert:  Alex J. replied 2 years ago.
Hi,
Thank you.
In total how much have they taken from you?
Kind regards
AJ
Customer: replied 2 years ago.

720£

Expert:  Alex J. replied 2 years ago.
Hi,
Thank you.
I would write back to them and say you deny any liability to pay them any more more money.
You then have two options:
1. They are regulated by the Financial Conduct Authority - the easiest (but probably slowest) way to try and get your money back is to complain to the FCA - www.fca.org.uk/consumers/complaints-and.../how-to-complain - they are regulators of financial services and will have the power to sanction this company.
2. The other option is to sue them in the county court https://www.moneyclaim.gov.uk/web/mcol/welcome
Did the terms and conditions state anywhere they were entitled to charge these fees?
Kind regards
AJ
Alex J. and other Law Specialists are ready to help you
Customer: replied 2 years ago.

i made a fca complein today . And one more thing they told me today i i don t pay today the next fee 290£+240£ they Will Take from my accout ehrn the wages Will enter

Expert:  Alex J. replied 2 years ago.

Hi Thank you. Do your wages go into an account they have access to? Kind regards AJ

Customer: replied 2 years ago.

yes

Expert:  Alex J. replied 2 years ago.
Hi,
Thank you.
It may be that you have to just pay the money "under protest". You can then claim back as part of your complaint.
Can you change the account your wages are paid to?
Kind regards
AJ
Customer: replied 2 years ago.

i can change to my wife account .but is legal what they do ?

Expert:  Alex J. replied 2 years ago.
Hi
Thank you.
It depends what the terms and conditions say that you signed.
But I would be suprised if they could legally keep charging a consumer like this unless they had made it abundantly clear to you before you signed up to the loan.
Kind regards
AJ
Customer: replied 2 years ago.

No they didn t told me

Expert:  Alex J. replied 2 years ago.
Hi,
Thank you.
Then it may be that no they cannot do this, but I cannot say this for certain with out seeing the terms and conditions.
They clearly should have made apparent to you as you took the loan as a consumer.
The best thing to do is let the FCA deal with the complaint as they have the ability to sanction the company, being the regulator.
Kind regards
AJ
Customer: replied 2 years ago.

today they send me alot of messagese on email on my phone they told me if i don t pay they put me on the Black list

Expert:  Alex J. replied 2 years ago.
Hi,
Thank you.
Do you need to obtain another loan from this company?
Kind regards
AJ
Customer: replied 2 years ago.

No i don t want more

Expert:  Alex J. replied 2 years ago.
Hi,
Thank you.
Just to clarify can you tell me what they have said the fee is for?
Kind regards
AJ
Customer: replied 2 years ago.

they sau the fee is for transaction ...to transefer the loan in mi account

Expert:  Alex J. replied 2 years ago.
Hi
Thank you.
Was this not a set fee when you requested the loan?
Kind regards
AJ
Customer: replied 2 years ago.

tthey set only 70£ ..

Expert:  Alex J. replied 2 years ago.
Hi,
Thank you.
I can only suggest at this stage that you continue to complain to the regulators the FCA and Trading Standards.
It will be slow but they will be able to sanction this company.
I look forward to hearing from you.
Kind regards
AJ
Customer: replied 2 years ago.

tnx very much .. I made the complain to the fca and I'm waiting to see what will happens

Expert:  Alex J. replied 2 years ago.
Hi,
Thank you.
Please do not hesitate to contact me if I can assist any further.
Kind regards
AJ