Guarantor Loan Refunds

You could be owed money by the guarantor lenders.
You may be eligible for a loan refund

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Guarantor Loan Refunds

Making a loan claim is simple. We only need a few details to start your application.

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Start your Guarantor Loan refund claim today. You will only be charged after the claim has been won!

Reclaim Guarantor Loan Compensation Refunds

How do I start applying for a Guarantor Loan Refund Claim ?

Leading guarantor lenders including, Amigo, TFS Loans, Trust Two Bamboo Loans and George Banco  provide the majority of the UK’s guarantor loans. Other lending is available including: Payday loans and Home Loans from companies like: Provident Home Loans

You could be owed money by the guarantor lenders and be able to reclaim one of many  Guarantor Loan Refunds being paid out if you borrowed between £1000 and £15000, with a loan period of between 24-60 months from a Guarantor Lender.

As with all lenders, any lender you borrowed money from should have carried out the correct checks before issuing a loan. If you found yourself unable to pay back the loan, you may be eligible for a loan refund. The refund claim will not come from websites like SUCO or TalkLoans or price comparison websites like Compare the Market or who are all classified as ‘the broker’, you will need to make a claim to the lender who completed the checks and lent you the money.

Recently unfair practices that have been identified by the Financial Conduct Authority (FCA) has resulted in huge fines being imposed on many of the top payday and guarantor lenders, including Wonga who were fined £220 million.

If your guarantor lender has not carried out the correct checks and loaned responsible, you could be entitled to a guarantor loan refund, even if you have paid off the loan in full.

What type of loans can I reclaim?
– Guarantor Loan with the lender directly, not with a broker.

Eligibility Requirements for Borrower:
In the case of a broker, eligibility requirements are restricted by the lender the application is given, Minimum age of 18 and with a regular income. Not bankrupt and able to make the repayments.

Eligibility Requirements for Guarantor:
Refer to the lenders criteria, at the time of publication displayed, minimum age of 18 and with a regular income. Must be able to make the repayments if the borrower does not pay.

Loan Example:
48 Monthly Repayments, borrowing £2000
Total Amount Payable: £4067,04
48.9% APR Representative
Rate of Interest 25.84% Fixed Flat Rate
Monthly Repayment: £84.73

Why could I receive a Refund?

  • Was the loan affordable to you before being granted your application for a loan?
    You may have given your application to a lender who did 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, the lender 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, the lender 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. The lender should have looked at this and ensured you had a regular, consistent income before giving you a loan.

Have you used George Banco Bamboo Loans UK Credit TrustTwo Guarantor my Loan or Amigo Loans for your loan and found that you were unable to pay the loan? You could be eligible to claim compensation. Start your refund claim online or get in touch with the experienced member of the Reclaim Experts team on social media or on email who will guide you through the process in reclaiming a Guarantor Loan Refund. If you are a Provident customer or a Morses Club customer you could be eligible to claim a refund from provident home loans.

If you believe you may be eligible for a SUCO claim, click below to use our simple online process and we'll help you get started today.

Get Started Now!

Was your SUCO loan mis-sold? Start your claim now.

Start your claim or get in touch with the experienced team at one of our partner CMC’s who will guide you through the process.

Have you used George Banco, Guarantor My Loan, Trust Two, UK Credit, TFS Loans, Amigo or Bamboo and found that you were unable to meet your repayments?

You could be eligible to claim compensation. Start your refund claim online and begin the process to reclaim a refund from SUCO.

If you are a SUCO customer, you could be eligible to claim a refund.

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