George Banco Refund Claims

George Banco Refund Compensation success. You may be able to reclaim interest on your George Banco loan.

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George Banco Loans Refund Claims – You maybe able to reclaim all the interest on a

George Banco claims to have “one of the fastest loan applications, with an immediate decision and same day payout”. Whilst it is quick to offer consumers to borrow from 1,000 to £15,000 over 1-5 years, George Banco is part of the Guarantor Loan Market in Britain, which has come under the spotlight in recent months and not in a positive way. 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.

George Banco Refund Claims Compensation

As with all lenders, George Banco should have carried out the correct checks before issuing a guarantor loan, especially if the loan had a high APR or additional fees. If you found yourself unable to pay back the loan, you may be eligible for a loan refund- and the Reclaim Experts can help you receive what you are owed.

What type of loans do George Banco offer?

– Guarantor Loans
– Unsecured Personal Loans

George Banco Eligibility Requirements for Borrower:
Minimum age of 18 and with a regular income. Not bankrupt and able to make the repayments.

George Banco Eligibility Requirements for Guarantor:
Minimum age of 21, a UK Resident and with a good credit history. Minimum income of £1,000 a month.
Must be able to make the repayments if the borrower does not pay.

George Banco Loan Example:
If you borrow £3,500.00 over 36 months at a Representative rate of 61.8% APR and an annual
interest rate of 49.10% (fixed), you would pay 36 monthly installments of £187.51. The total charge
for credit will be £3,250.36 and the total amount payable will be £6,750,36.

George Banco is registered at the following address:
George Banco, Secure Trust House, Boston Drive, Bourne End, Buckinghamshire, SL8 5YS
Telephone Number: 01225 941941

Why could I receive compensation from George Banco?

George Banco Refund?

  • Was the loan affordable to you before George Banco granted your application for a loan?
    George Banco may have not conducted the correct affordability checks.
  • Did your loan have excessive charges combined onto it, such as high interest and charges?
    The FCA have introduced a price cap to protect borrowers from excessive charges.
  • During your application process, you may have not mentioned all of your debts.
    If this didn’t match with your credit record, George Banco should have ensured to double check this.
  • You may have underestimated your monthly outgoings when you took out the loan, due to estimations
    or eagerness to be eligible for your loan due to the circumstances you were in, causing you not to be
    able to afford the monthly repayments. If your monthly outgoings were too low, George Banco
    should have explored whether these were correct or not.
  • When you applied for the loan, you may have not stated your correct regular income, due to be self-employed or your job history changing during this time. George Banco should have looked at this and ensured you had a regular, consistent income before giving you a loan

If any of the above statements apply to your experience with George Banco, you could be eligible to claim compensation. Start your claim or get in touch with the experienced Retail Experts team who will guide you through the process. Perhaps you have had a doorstep loan ? You maybe able to claim a refund from Provident Loans We are here to help.

Start your claim for irresponsible lending by George Banco Today!