At Money Ambulance, we help people who may have been approved for credit they simply couldn’t afford. Lenders have a legal responsibility to carry out proper affordability and credit checks before offering loans, credit cards, overdrafts, or other financial products. If they failed to do this, you may be entitled to make a claim.
Irresponsible lending can happen when a lender approves borrowing without properly considering your income, existing debts, spending habits, or overall financial situation. This can leave people trapped in a cycle of debt and financial hardship.
We’ll review your circumstances to see whether you were unfairly approved for credit or lending that should never have been granted in the first place. If so, we’ll help you pursue the compensation or refunds you may be owed.
We can assess claims relating to financial products taken out or used within the last 6 years, including:
If you’ve experienced financial difficulties because you were irresponsibly approved for any of the above, get in touch with Money Ambulance today. Our team will assess your case and determine whether you may have a valid claim against the lender.
If your claim is successful, we’ll work hard to help recover the money you may be owed and hold lenders accountable for failing to carry out proper checks.
Banks are expected to make sure that overdrafts are suitable and affordable for their customers.
In some cases, banks may increase, extend, or continue overdraft borrowing without properly considering whether a customer is struggling financially or able to repay what they owe.
This can lead to customers becoming trapped in a cycle of borrowing, fees, and charges that become increasingly difficult to manage.
If a bank failed to act fairly or carry out appropriate checks, you may have grounds to make a complaint.