If you think you have been misled on a loan you could be eligible claim a reimbursement for unresponsible lending by George Banco. Find out how much you might be due…

George Banco Compensation

Guarantor lending company George Banco offers “one of the most rapid loan applications that is quick to approve and same day payment” and it’s all accessible online.

George Banco rose to prominence as a guarantor lender of loans and, on August 17, 2017 it was bought by other Sub-prime lending company Non-Standard Finance PLC for £53.5m.

While it’s easy to provide UK consumers the option of borrowing between £1,000 to P15,000 over a period of one to five year period, George Banco may have given you money without performing the proper affordability checks, which are one of the FCA’s rules for the whole Guarantor market in Britain that has come under scrutiny recently, and not in a good way.

Citizens Advice Citizens Advice said more than three thousand people sought assistance with guarantor loans and the market, which is a central theme of an Panorama documentary that focuses on the rise of credit with high costs in the UK.

The latest figures show that The Financial Ombudsman upheld 51 percent of complaints made regarding George Banco Limited.

What is the reason I can claim an George Banco Refund on a Loan?

There are a variety of reasons you might be entitled to the lender to refund you. The primary reason for claims is because the loan was too expensive. These are all general indications that the lender didn’t make adequate affordability checks

The amount borrowed was increased by loan without having to reevaluate your circumstances

The loan was extended every month, but without reassessing your financial circumstances

You struggled to pay basic expenses (rent bills, food, rent) due to my debts

You needed to borrow money from a lender in order to repay an unsecured loan or cover the costs of essentials

Your income fluctuated between repaying and taking out the loan, but the lender did not check

The lender did not ask me any questions to verify that I’d be able to pay back it in an affordable manner

You’ve rolled your loans over

However, even during the application, you had not list the total amount of debt you owed or provide the correct monthly income. George Banco should have checked your credit report and verified that you had a regularand constant income before granting you the loan.

If any of these statements describes your experience in the George Banco loan, you may be eligible to claim compensation.

FAQs

Why should you choose us for your Claim?

Assistance in Maximising Claims will look over the previous loan you took out and assist you make claims from a vast listing of lending institutions. Other claims companies are most likely reject your claim in the event that you do not claim on behalf of one their authorized lenders.

Low Fees – Our fees are competitive as well as lower than other companies that manage claims. There is no upfront cost and we operate on a no-win, no-fee fee structure. A detailed breakdown of the fee structure we use is available here.

We make it easy The process of claiming a refund can be a difficult task. It’s easy with us. We make sure everything you require is provided so you don’t have to invest many hours focusing doing it.

Professional – Every claim is unique, and any specific circumstances pertinent to the claim must be clarified by an experienced. It is the Financial Ombudsman has previously been not able to solve certain complaints involving the use of a “template” as well as a “standard letters”.

What Will I Get If My Claim is Successful?

If you’re successful in claiming an amount of money back from a lender You can get the interest and charges for your loans. This includes usually the statutory interest rate is 8.

What Do I need to know to provide?

It is enough to give the name of the lender as well as your personal details , including the address you resided at the time you registered with them. Once you’ve given these, information, we can get details of any loans for which there is a possibility of a refund.

What will It cost?

Our George Banco claims are always made on a no-win, no- fee basis. This means that you will not pay anything until you get the compensation. You are entitled to end the contract within 14 days without fee. If you do not cancel within 14 days, you could be charged for any work completed prior to the date of cancellation.