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Pay Day Loans Mis-Selling Advice – Do You Have A Claim?

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Post: Pay Day Loans Mis-Selling Advice – Do You Have A Claim?

🔥 MIS-SOLD PAYDAY LOANS — IT’S TIME TO FIGHT BACK

⚡ INTRO: DON’T GET TRAPPED BY BAD LOANS

Millions of people got caught by payday loans that came with hidden traps — no proper checks, sky-high interest, and sneaky fees. These loans don’t build you up; they drag you down.

The FCA — yeah, the watchdog — stepped in because lenders were playing dirty, giving loans to folks who couldn’t afford them.

“Payday loans should be fair and affordable. When they’re not, people suffer massive debt spirals. That’s NOT okay.”

❓ DO YOU HAVE A CLAIM?

If any of this hits home, you might have been mis-sold a payday loan:

  • The lender never checked if you could pay it back.
  • You felt pushed or pressured into signing up.
  • Your loan kept rolling over, piling up more debt.
  • They hid the real cost — interest and fees weren’t clear.
  • You had to borrow from others just to cover this loan.

🏆 HOW TO CLAIM YOUR POWER BACK

Ready to stand up? Here’s the playbook:

STEP 1: Call Out the Lender

Write them straight up. Tell ’em why this loan was a raw deal. Dates, amounts, the damage it caused — lay it all out.

STEP 2: Hit the Financial Ombudsman

If they ghost you or say no within 8 weeks, push your complaint to the Financial Ombudsman Service. They’re the referees who’ll fight your corner.

STEP 3: Claim What’s Yours

If they agree you were mis-sold, you could get your money back plus compensation for the stress and hassle.

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Welcome to our latest news page.  You'll find all the latest Credit and Store Cards advice and updates on holding lenders to account.

✔ How this forum works

It’s important you are clear on the purpose and limitations of the site. We’re an information sharing website, aiming to help people who may have been mis-sold financial products. We base our information on over 20 years of experience in financial services and claims sectors, but we can’t guarantee our insights are perfect for everyone. So do note you use the information at your own risk and we can’t accept liability if things go wrong.

  1. This info does not constitute financial advice, always do your own research on top to ensure it’s right for your specific circumstances and remember we focus on rates not service.
  2. We don’t as a general policy investigate the solvency of companies mentioned (how likely they are to go bust), but there is a risk any company can struggle and it’s rarely made public until it’s too late (see the Section 75 guide for protection tips).
  3. We often link to other websites, but we can’t be responsible for their content.
  4. Do note, while we always aim to give you accurate product info at the point of publication, unfortunately price and terms of products and deals can always be changed by the provider afterwards, so double check first.
  5. Always remember anyone can post on the Mis-sold Finance Guy forums, so it can be very different from our opinion.