118 118 Money Claims & Refunds
If you've faced challenges repaying a payday loan, you might qualify to seek a refund for irresponsible lending. Our most substantial refund at 118 118 to date has exceeded £5,000. Discover the potential amount you could be owed!
118 118 Money, a high-cost lender offering loans ranging from £1,000 to £5,000 over 1 to 3 years with a typical APR of 49.9%, has recently faced scrutiny for potential unfair practices. The Financial Conduct Authority (FCA) has imposed significant fines on various top lenders due to identified issues.
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Like all lenders, 118 118 Money is expected to conduct proper checks before approving a loan. If you've struggled to repay your loan and believe that correct checks were not carried out, you may be eligible for a loan refund. Even if you have already paid off the loan, you could still be entitled to a refund if the lending was not done responsibly.
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Recent data from The Financial Ombudsman reveals that 55% of complaints against 118 118 Money's owner, Madison CF UK Limited, were upheld. If you suspect you've had a mis-sold or unaffordable loan from 118 118 Money, take action now and start your claim. Time is of the essence due to statutory deadlines, so initiate your claim today and let professionals guide you through the process.