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Creation Consumer Finance Loan Claims

If you ever had a loan from Creation Consumer Finance you may be able to claim compensation if the proper affordability checks were not carried out.

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Creation Consumer Finance loan claims

In recent years, there has been a growing awareness of mis-sold loans external link icon light blue from various loan providers. Many consumers have found themselves burdened with unaffordable loans that were not suitable for their financial circumstances.
Fortunately, there is a way to seek justice and compensation for these cases by making an unaffordable loan claim against lenders like Creation Consumer Finance. If you believe that you were mis-sold a loan from Creation Consumer Finance, then our team at Claims Bible are here to help you receive fair compensation.

What are Creation Consumer Finance loan claims?

Creation Consumer Finance loan claims pertain to cases where individuals believe they were mis-sold loans by Creation Consumer Finance, a company that provides a variety of financial products and services. Mis-selling can occur when the lender fails to properly assess the borrower’s financial situation, leading to unaffordable loans being granted. Examples of mis-selling include inadequate affordability checks, providing misleading information, or not explaining the terms and conditions of the loan clearly.

How to check your eligibility for an unaffordable loan claim

Before starting your claim against Creation Consumer Finance for an unaffordable loan, it really helps to determine your eligibility. Several factors may indicate that you were mis-sold an unaffordable loan. These may include:

  • Inadequate Affordability Assessment: If the lender did not conduct a thorough assessment of your financial situation before granting the loan, leading to unaffordable repayments.
  • High-Interest Rates: If the loan came with high interest rates that were not properly explained to you, resulting in financial strain.
  • Early Repayment Charges: If you were not informed about early repayment charges, and they significantly increased the total cost of the loan.
  • Rolling Loans: If you were encouraged to take out another loan to repay the existing one, leading to a cycle of debt.
  • Long-term Impact: If the loan’s long-term impact was not clearly communicated, causing unforeseen financial difficulties.

At Claims Bible, our experts can help make this process as easy to understand as possible. We’ll work with you to look at the validity of your claim and can help throughout the process to ensure you receive fair compensation for the unaffordable loan. Our goal is to make this a simple, straightforward procedure that takes the stress out of your claim.

How to Make a Creation Consumer Finance unaffordable loan claim

Making a Creation Consumer Finance unaffordable loan claim can be a daunting prospect, but with the right knowledge and support it’s actually quite simple. At Claims Bible, we have a tried-and-tested framework for making unaffordable loan claims against lenders like Creation Consumer Finance. Here’s how it works:

  • Gather Relevant Information: We’ll gather all of the documents related to your loan, including the agreement, statements, and any communication with Creation Consumer Finance.
  • Compose a Complaint: We’ll then move onto drafting a detailed complaint explaining why you believe the loan was mis-sold to you, referencing the factors that make you eligible for a claim.
  • Contact Creation Consumer Finance: We’ll then submit your complaint to Creation Consumer Finance directly and try to reach a settlement.
  • Financial Ombudsman Service (FOS): If Creation Consumer Finance does not respond or rejects your claim, then we’ll escalate the matter to the Financial Ombudsman Service external link icon light blue for an impartial review.

Throughout the process, you’ll be working with one of our legal partners who specialise in these types of claims. They’ll be able to guide you through the steps and offer tailored guidance to ensure your claim goes ahead as smoothly as possible.

The deadline to submit your Creation Consumer Finance loan claim

It’s important to be aware of the deadline for submitting your Creation Consumer Finance loan claim. In the United Kingdom, the typical timeframe for making such claims is six years external link icon light blue from the date you became aware, or should have reasonably become aware, that you were mis-sold the loan. When submitting a claim through the FOS, there’s a six month external link icon light blue time limit from when the lender gave their final response. However, it’s essential to act promptly, as time limitations can vary depending on individual circumstances.

How much is a Creation Consumer Finance unaffordable loan claim worth?

The value of a Creation Consumer Finance unaffordable loan claim varies from case to case. Several factors contribute to the calculation, including the total amount of the loan, interest paid, additional charges incurred, and the financial hardship you experienced as a result. If your claim is successful, you may be entitled to a refund of the loan’s principal amount, interest, and potentially additional compensation for distress and inconvenience caused.

How to start your claim against Creation Consumer Finance

If you feel that you were mis-sold an unaffordable loan, then making your claim against Creation Consumer Finance might seem difficult. However, with the guidance from our team at Claims Bible we make the claims process as simple as possible. Here’s how it works:

  • Seeking Professional Advice: The first stage involves reaching out to our experts at Claims Bible. We specialise in these types of claims and can give you a good idea about the overall merit of your claim against Creation Consumer Finance.
  • Prepare Necessary Documents: Once we get started, we’ll need to gather all the relevant documents and evidence to support your claim. This might include things like loan terms, contracts and bank statements.
  • Leave it to the Experts: Claims Bible will then guide you through the process of the claim. We’ll handle all communications with the lender and the Financial Ombudsman Service, and work to secure the best possible outcome for your claim.

Let Claims Bible help you settle a Creation Consumer Finance unaffordable loan claim

Navigating the complexities of a loan claim can be daunting, especially when dealing with financial institutions. Claims Bible is dedicated to helping consumers fight for their rights by ensuring they receive the compensation they deserve. With a team of experienced professionals, Claims Bible has a track record of success in handling Creation Consumer Finance unaffordable loan claims. By enlisting our services, you can have peace of mind knowing that your claim is in capable hands.

Why choose Claims Bible?

100% Confidentiality

Being discreet is part of our business, our legal representatives will never discuss your case without your permission.

Proven Track Record

So far we’ve handled over 10,000 cases and claimed back over £2,000,000 for our clients so you are in safe hands.

Claim Professionals

We partner with specialist firms so your claim is handled by an expert who is familiar with your type of claim.

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