February 10, 2021 @ 5:45 am - posted by Aleksey

Past poster queried “where has most of the cash gone?” in terms of Sunny and their television advertisements etc.etc. Well, it will be possible to complete queries on Companies home you updates on any progress with the administration process too for them– this will give. It is additionally interesting that Sunny (or Elevate Credit Overseas Limited) had a moms and dad business located in USA (called Elevate) which demonstrably is nothing at all to do with this and can keep on trading as normal! So placing two in addition to 2 together and wondering where all of the cash went. A few numbers from their latest posted reports (to to Dec 2018): that they had fixed assets £6.4m this is certainly worth within the bank, these were owed nearly £41m (presumably by individuals keeping loans when this occurs with time). They owed around £4m to their “suppliers/lenders” (when you look at the term that is short i.e. payable within per year) and owed another £31m on long haul borrowing. Their records reveal that they had a borrowing arrangement (for example. they borrowed the funds from a lender after which lent off to us at their APR that is exorbitant! at around 15percent per 12 months. Anyhow Google that is– quick search anybody.

IMPROVE REGARDING SUNNY. Looking disappointing for redress claims.

Our company is currently publishing updates to credit guide agencies so that you can amend clients’ credit files for loans which were considered unaffordable. No action will become necessary by you in this respect.

We have been now customers that are inviting submit creditor claims. Per ECIL’s documents, you have got submitted a redress associated grievance and as a consequence might be a creditor of ECIL. Should you want to submit a claim into the management, please log in to your MyAccount portal on to submit your claim. The claim submission deadline is 31 2021 january.

Please be aware, its uncertain whether you will see funds that are sufficient enable a circulation become compensated to unsecured creditors and may here be adequate funds, the anticipated circulation rate is forecast become really low and might be lower than one pence into the pound.

You will find a true range proposed choices which we have been asking creditors to vote on. an unique connect to where you are able to vote is provided right right here. Votes should be submitted by 30 2020 november.

Welsh woman says

Many thanks a great deal because of this! We haven’t had a contact yet but logged directly into my account and also have a prospective redress of approximately £2000 however I’m perhaps perhaps not holding away hope it is likely to be that much 😂

Sara (Financial Obligation Camel) says

Indeed. You may get £20…

Annoying had my situation with Sunny formerly go to ombudsman and everything rejected when I’ve logged with its stated my claim could have been very nearly £450 😩😩

Feel exceptionally fortunate that we made an affordablilty claim at the conclusion of this past year which Sunny really upheld (once we went along to the MD). I obtained about £3K refunded. Simply got in there with time. Comiserations to all or any people who didn’t.

Lee sharratt says

We consented to 45 lb . Why We don’t understand. But there u get. Hopefully become more with icl

Hi, i’ve just been onto my account that is sunny and an affordability problem. It states i will be due simply over ВЈ500 but will simply get about ВЈ5 of this. The issue I have is I still owe the funds payday loans Maryland however the loan happens to be offered to SLL Capital. With wonga they took the complete quantity off the things I nevertheless owed, that I had been hoping they’d do right right here but as the been offered do we nevertheless need certainly to spend all of it as well as just accept ВЈ5 from sunny? I really hope this will make feeling

Sara (Debt Camel) says

I’m astonished it has occurred. Had been the last loan one of this people being refunded?

I’m uncertain how exactly to be sure? It simply took me personally right to just how much We ended up being due.

Sara (Financial Obligation Camel) says

Ok, you are suggested by me mobile up client solutions and get them why while you have experienced redress calculated it hasn’t been used to offset the total amount owed. Be persistent.

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