At some point, we’ve all heard the adage, “Don’t gamble what you can’t afford to lose.” Yet, the enthralling and enticing world of gambling can sometimes make this sensible advice tough to follow. Particularly when it’s made easy through online platforms and exacerbated by irresponsible lending. This article aims to guide you in understanding responsible lending and gambling, the impacts of careless lending, how Allegiant can assist you in reclaiming your interest charges, and how to take control of your finances.
In essence, responsible lending is a key principle that all lenders should adopt. It revolves around conducting necessary checks to affirm the borrower’s ability to pay back the loan or credit account and to ensure the borrowed money is not used for risky ventures, such as gambling. On the surface, gambling may seem an effortless route to fast cash. However, it’s crucial to realise that it’s a high-stakes game that often carries a significant likelihood of considerable financial loss.
Irresponsible lending practices can trigger a financial domino effect. Imagine you’re spending a significant chunk of your earnings on gambling. This can prevent you from covering essential living expenses, nudging you towards credit for a financial lifeline. But if this credit is granted thoughtlessly, without thorough checks, you might find yourself in a more profound financial quagmire. Before you know it, you’re caught in a debt vortex, spinning faster with every loan, making the road to financial stability seem insurmountable. And all this could stem from the initial irresponsible lending, highlighting the dire consequences such practices can bring about.
Are you caught up in the financial chaos of irresponsible lending? Rest assured, Allegiant is here to help you navigate these turbulent waters. We’re a trusted claims management company, championing the cause of those who have fallen prey to irresponsible lending practices. Our team, brimming with experience and compassion, can assist individuals who were thoughtlessly given loans that have funded their gambling pursuits.
Navigating the route to reclaiming your interest charges from irresponsible lending might seem intricate, but fear not, Allegiant is here to unravel the complexity. Together, we’ll compile a compelling case, assembling evidence of careless lending and advocating it to your lender. If our endeavours prove successful, your financial strain could be eased substantially by getting your interest charges back. However, it’s worth bearing in mind that every case is individual and, while we put our utmost efforts into securing a favourable outcome, success isn’t guaranteed in every instance. But rest assured, with Allegiant in your corner, you’re not alone in this journey towards financial recovery.
Taking the helm of your financial situation can feel like a daunting task, but it doesn’t need to be overwhelming. The journey starts with crafting a pragmatic budget that accurately reflects your income and outgoings. Paying off debts becomes a paramount priority. Always bear in mind, your financial stability is a treasure not to be gambled away. It’s a product of discipline, careful planning, and unshakeable commitment to positive change. Be your own financial captain, master of your own monetary destiny.
Shaking off the shackles of gambling can be a tough, but deeply gratifying journey. It starts with acknowledging the negative effects of gambling on your life and financial stability. Lean on the shoulders of loved ones or seek professional help for a sturdier support system.
You may have already broken free, but if you are concerned about a current gambling problem, we suggest you seek expert help from an organisation such as https://www.gamblersanonymous.org.uk/
We realise that claiming against a high cost loan lender can seem daunting. We aim to make the claiming process as simple as possible. We specialise in affordability claims. Our experienced team will communicate with the lender (and where required, the Ombudsman service) on your behalf. We use bespoke technology to ensure efficient claims handling. Throughout the process, we inform you of claim progress using a “stage process”, so you can track your progress easily. Please remember though, that you do not need to use a claims management company to make your complaint to your lender, and if your complaint is not successful you can refer it to the Financial Ombudsman Service yourself for free.
Pre complaint investigation and analysis
Formal mis-selling complaint made
Lender responds with a Final Response Letter
If appropriate resolution cannot be reached with the lender, referral to Financial Ombudsman Service.
Our success fee is due only if your lender makes a compensation payout, and is calculated on the amount of the compensation payout. We do not charge you for any part of a settlement that results in the lender reducing your outstanding balance – that is on the house!
The success fee amount is calculated using a band charging system. There are five charging bands. Each band has a maximum amount that we will charge.
Success Fee Charging Table
|Percentage rate the Success Fee is calculated on (including VAT)
|Maximum Success Fee in band (including VAT)
|£1 to £1,499
|£1,500 to £9,999
|£10,000 to £24,999
|£25,000 to £49,999
|£50,000 or more
Below are examples of how this would work in practice.
If you want to see how much we would charge for a specific amount, please visit our online fee calculator at https://allegiant.co.uk/unaffordable-lending-claim-fees.
Please note that the examples in the tables are for illustration purposes only. They are not an estimate of the likely outcome or success fee.
You can cancel for free at any time within 14-days without giving any reason and without incurring any liability. You can communicate your cancellation by telephone, post, email or online.
You can cancel this agreement at any time after the 14-day cancellation period. However, if a complaint submitted by us is successful, the Success Fee will apply in the usual way.
You can cancel by post: Allegiant Finance Services Limited, Freepost RTYU–XUTZ–YKJC, 400 Chadwick House, Warrington Road, Birchwood Park, Warrington, WA3 6AE; (b) by email: email@example.com; (c) by telephone: 0345 544 1563; or (d) online at https://allegiant.co.uk/compliance/cancellation.
Allegiant Finance Services is widely regarded as a pioneer in the high cost loan claims management market.
Contactable by email, phone, or post, whichever you prefer
We will only correspond with you and keep your details secure. We’ll never sell your data.
Much more than a contact form. With our full online application process you will receive an instant automated decision on whether we can take on your claim
We are proud to have recovered over £67m for unaffordable lending claims since 2013
We’ve been claiming high cost loan refunds since 2013