Many borrowers may be entitled to compensation if Morses Club or Shopacheck allowed them to take out lots of loans, one after another, without carying out suitable checks to see that the loans were affordable.
Often when people have taken out Morses Club and Shopacheck loans regularly, it is a sign that they are struggling with their finances and lenders are under a duty not to take unfair advantage of this.
Shopacheck merged with Morses Club a few years ago, and now operate under the name Morses Club PLC.
To protect consumers, Government watchdog, the Financial Conduct Authority (FCA) has rules which mean lenders should not lend if the borrower cannot pay day-to-day bills or needs to borrow more to keep up the loan repayments.
If Morses Club/Shopacheck let you take out lots of loans without doing proper checks then you may be entitled to have the loan stopped and claim for:
Even if you have paid the loan repayments over many years, you may still be able to claim.
Even if you are in arrears, you may still be able to claim. Sometimes for reasons outside your control, you may be struggling with your repayments and have fallen into arrears. Under FCA rules, where there is an ongoing claim against a lender, then the lender must not keep asking for payment without providing clear justification or evidence as to why the claim is invalid.
Where possible you should always continue to make your contractual payments to the lender as missing them could affect your credit rating.
TLW are financial mis-selling solicitors, who are experts at claiming compensation for those who have taken out unfairly provided personal Morses Club/Shopacheck loans.
We act on a ‘no-win no-fee’ basis and you pay us nothing if your claim is unsuccessful. We deal with all the documents hassle-free online and can claim even if you no longer have the loan paperwork.
So, you have nothing to lose.
In 2015 Shopacheck merged with Morses Club. This means that all Shopacheck customers are now Morses Club customers. If you are not sure if you have a claim against either or both, then get in touch with TLW Solicitors.
Warning signs of potential personal loan mis-selling include:
If you think that you have been the victim of a mis-sold Morses Club/Shopacheck loan, then get in touch with one of our specialist lawyers by phone on 0800 169 5925, by email to info@tlwsolicitors.co.uk, or use the call back form below.
Our team will go through your case and explore your options on a free, no-obligation basis. We will contact the loan provider and get all the relevant documents and contracts on your behalf to see if you have a claim and if so, what it might be worth.
We can still investigate your claim even if you no longer have the relevant paperwork. All the paperwork in your claim will be dealt with hassle-free online.
Yes. Under FCA rules, where there is an ongoing claim against a lender, then the lender must not keep asking for payment without providing clear justification or evidence as to why the claim is invalid.
This depends on many factors including the number of loans, together with the duration and amount of the loan agreements. TLW Solicitors deal with cases worth thousands of pounds. We will claim for:
We will also try to have any negative information on your credit records removed. If you think that you have been mis-sold a loan by Morses Club/Shopacheck, get in touch with our team and we can discuss your claim and what it might be worth.
Once our team of specialist financial mis-selling lawyers has reviewed your potential case and if we feel it suitable, then we will enter into a no-win-no-fee agreement. That means, if the case is unsuccessful, we will not charge for the time we have spent on the case.
This varies from claim to claim. If the loan company accepts responsibility for the alleged mis-selling and agrees to put things right, then a compensation claim can take just a few months. If the allegations are disputed, then the claim may have to be referred to the FCA and the Financial Ombudsman Service (FOS) to be resolved, which could take between 12-18 months.
Since its establishment in Swindon in the 1800s, Morses Club has grown to be one of the largest home collection credit providers in the UK by building a nationwide network of local agents.
Helping this growth was the merger between Morses Club and another personal loans provider, Shopacheck, in 2015. Sometimes known as ‘doorstep’ loans, borrowers use Morses Club/Shopacheck loans as a lifeline to get easy access to cash.
The problem is that even though the loan amounts are small, because of the very high-interest rates, repayments quickly become unmanageable, leading to more borrowing. City regulator, the FCA realised that this was unfair and brought in rules to protect borrowers.
Sometimes loan mis-selling claims can be very complex. Our team of specialist lawyers have many years of experience dealing with a wide range of mis-selling cases which are very similar to Morses Club/Shopacheck loan claims. We have developed an online process to progress these cases quickly and simply.
TLW are an established firm of solicitors with many years of experience in successfully winning cases for our clients, we are not intermediaries, which means that your case will be dealt with from start to finish by our team.
If you are worried about your, a friend or loved one’s Morses Club/Shopacheck personal loan, please get in touch with TLW Solicitors for a free, no-obligation discussion by calling 0800 169 5925, email or complete the call back form below.
It is important to get advice as soon as possible as strict time limits can apply.
Meet Sarah, who heads up our experienced Unfair Personal Loan Claims team.
Sarah and her colleagues are on hand to help with your claim.
