Therefore a relevant concern continues to be: where all of the marmalade is fully gone?

Therefore a relevant concern continues to be: where all of the marmalade is fully gone?

Past poster queried “where has all of the cash gone?” in terms of Sunny and their television adverts etc.etc. Well, it’s possible to complete queries on businesses home for them – this may offer you updates on any progress with all the management procedure too. It is also interesting that Sunny (or Elevate Credit Overseas Limited) had a moms and dad business situated in USA (called Elevate) which demonstrably is nothing at all to do with this and certainly will keep on trading as normal! So putting two along with 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 ВЈ6.4m that is worth into the bank, these were owed nearly ВЈ41m (presumably by individuals holding loans at that time with time). They owed around ВЈ4m to their “suppliers/lenders” (within the short-term, i.e. payable within per year) and owed another ВЈ31m on longterm borrowing. Their reports reveal that they had a borrowing arrangement (i.e. they borrowed the funds from the 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.

MODIFY REGARDING SUNNY. Looking disappointing for redress claims.

We have been presently updates that are submitting 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 issue and as a consequence can be a creditor of ECIL. Should you want to submit a claim into the administration, please log directly into your MyAccount portal on to submit your claim. The claim distribution due date is 31 2021 january.

Please be aware, it’s uncertain whether you will have funds that are sufficient enable a circulation become compensated to unsecured creditors and should here be enough funds, the anticipated circulation rate is forecast become suprisingly low and might be significantly less than one pence when you look at the pound.

You can find range proposed choices which our company is asking creditors to vote on. an unique url to where you could vote is supplied right right here. Votes should be submitted by 30 November 2020.

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 a prospective redress of approximately £2000 however I’m perhaps not holding away hope it is likely to be that much 😂

Sara (Financial Obligation Camel) says

Certainly. You might get £20…

Annoying had my instance with Sunny formerly head to ombudsman and everything rejected whenever I’ve logged in its stated my claim might have been very nearly £450 😩😩

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

Lee sharratt says

We decided to 45 lb . Why We don’t understand. But there u get. Ideally be much more with icl

Hi, i’ve simply been onto my account that is sunny and an affordability issue. 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 amount of money nevertheless the loan happens to be offered to SLL Capital. With wonga they took the amount that is full the things I nevertheless owed, that we had been hoping they’d do right right here but as the been offered do we nevertheless need certainly to spend all of it back and just accept ВЈ5 from sunny? i am hoping this is why feeling

Sara (Debt Camel) says

I’m amazed it has occurred. had been the final loan one of this people being refunded?

I’m unsure simple tips to be sure? It just took me personally right to exactly how much We had been due.

Sara (Financial Obligation Camel) says

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



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