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George Banco Claims & Refunds

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If you believe that you have been misled on a loan you could be eligible to get a refund due to reckless lending to George Banco. Find out how much you might be due…

George Banco Compensation

Guarantor lending company George Banco offers “one of the most rapid loan applications with a quick decision and same day payment” and all of it is accessible online.

George Banco rose to prominence as a loan lender guarantor and, on August 17, 2017 it was bought by other Sub-prime lending company Non-Standard Finance PLC for £53.5m.

Although it’s quick to provide UK customers the opportunity to borrow between £1,000 to £15,000 in a period of 1-5 months, George Banco may have loaned your money with no conducting the appropriate affordability checks, which are one of the FCA’s rules for the whole Guarantor loan market in Britain which has been in the news recently, and not in a positive manner.

Citizens Advice Citizens Advice said more than three thousand people sought assistance in guarantor debts in addition to the market, which was the central theme of the Panorama documentary that focuses on the increasing use of credit with high costs in the UK.

The latest figures show that The Financial Ombudsman upheld 51 percent of complaints filed about George Banco Limited.

What is the reason I can claim an George Banco Refund on a Loan?

There are many reasons you could be entitled to an amount of money back from a lender. The primary reason for an appeal is because the loan was not affordable. These are the general indicators that the lender failed to make adequate affordability checks

The loan amount increased by loan, without reassessing your circumstances

The loan was renewed each month, but without reassessing your financial situation.

You had difficulty paying the essentials (rent and bills, food) because of my payments

You were required to borrow funds from a different lender to repay an unsecured loan or cover the costs of essentials

Your income fluctuated between the time you took out and when you paid back the loan, but the lender didn’t do a check

The lender didn’t have any questions to ensure that I’d be able to pay back it in an affordable fashion.

You have rolled over your loans

Even if , during the application, you had not list all your debts or provided the correct amount of income. George Banco should have checked your credit history and made sure you earned a regular, constant income before granting you the loan.

If any of the preceding assertions describes your experience with an George Banco loan, you might be eligible for compensation.


Why should you choose us for your Claim?

Assistance in Maximising Claims will review the previous loan you took out and assist you file claims against an extensive range of loan providers. Other claims companies are most likely reject your claim when you don’t claim on behalf of one their authorized lenders.

Low Fees – Our rates are competitive and less than other companies that manage George Banco claims. There is no upfront cost and we operate on a win-no-lose fee structure. A detailed breakdown of the fee structure we use is available here.

We make it easy Refunds isn’t an easy task. It’s easy with us. We make sure that everything you require is provided so you don’t have to invest many hours focusing doing it.

Professional – Every claim is unique and the specific circumstances pertinent to the claim must be clarified by an experienced. A Financial Ombudsman has previously been not able to solve certain complaints involving an “template” as well as a “standard correspondence”.

What will I get If My Claim is Successful?

If you are successful in claiming an amount of money back from a lender You can be eligible to claim the interest and charges on your loans, as well as usually 8 percent statutory interest.

What Do I need to know to Supply?

All you need to do is provide the name of the lender as well as your personal details , including the address where you lived at the time you registered with them. After you’ve provided these details, the details, we will be able to identify any loans to which you may have to pay a refund.

What will I be charged?

We work on a no-win, no- fee basis. That means you don’t have to pay anything unless you receive the compensation. You have the option to terminate the contract within 14 days of signing the contract without cost. If you do not cancel within 14 days, you could be charged for the work performed from the moment of cancellation.