Are You Eligible for High-Cost Loan Compensation?
A High Cost Loan is a personal lending agreement between a consumer and a lender (usually between 1-12 months long) at a high interest rate. If your lender was reckless and gave or extended you credit when they shouldn’t have, hold them accountable and start your claim today.
Our Clients Have Already Recovered Over £5 Million*
*combined cash redress & reduction of loan balance.
Do any of these apply to you?
Short Term, High Cost loans are often the solution to borrowing for people that may not be able to get a loan through more mainstream lending, however, there are risks to this type of lending that are not always fully explained.
Unlike payday loans, Short Term, High Cost Personal Loans generally allow higher amounts of borrowing than what would normally be available, this can often lead to higher interest rates and unaffordable repayment terms.
Proper checks not being made on your financial position.
You being given a product that was simply not affordable.
The borrowing affected your ability to pay for other things.
You needed to borrow more money to pay for the loan repayments.
Guarantors were not aware of the borrower’s financial position
Borrower or guarantor didn’t receive help when experiencing financial hardship.
Your Claim Journey
We ensure that submitting your claim with Quanta Claims is as simple as possible. Once you have completed our simple form, our team will review your claim. If you have a valid claim, we’ll compile your case and submit it to the relevant lender for their response. If we require any further information, we’ll be sure to be in touch.
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Complete our simple online form.
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Our team will review your claim to see if it qualifies.
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We’ll compile your case and submit it to the lender for a response.
No Win No Fee • Constant Updates
We are authorised and regulated by the Solicitors Regulation Authority (SRA) and we specialise in financial redress and mis-selling.
Frequently Asked Questions
Below you’ll find some of our most Frequently Asked Questions. Click on a question to view the answer. If we haven’t answered your question below, please feel free to reach out to us at enquiries@quantalaw.com.
This means that unless your claim is successful and you receive compensation, we will not charge you a penny for our services. You must, however, cooperate with us for the duration of your claim.
Our normal fee will be 25% + VAT of any compensation offered which is considered standard within the industry. This means, for example, if we succeed in obtaining Compensation of £1000, Our fees would be £300. You would receive £700. If your loan is reduced by £1000 our fees would be £300. If your loan is reduced by £500 and you also received £500 in cash your total financial benefit of £1000 will be billed at £300.
Whilst we are extremely efficient at what we do, dependant on what route we need to take your claim down impacts how long it takes. Standard dispute guidelines allow 8 weeks for a final decision to be reached, however in other situations we may need to lodge a complaint with the Financial Ombudsman Service which can take longer.
We try to keep your involvement to a minimum, it’s been stressful enough if you have been mis-sold to! So other than letting you know where we are up to and what we are doing for you, it should be a case of sitting back and relaxing knowing that the experts are working on your claim.