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247 Moneybox Administration247 Moneybox went into administration towards the end of 2019. This means that if you’re looking for a new loan, 247 Moneybox are no longer accepting new applications for customers. They offered loans between £80-£200 which had to be paid back within a month, and they offered loans of up to £800 for existing borrowers.
Can I Apply for a refund on my 247 Moneybox loan?Many customers have already made claims for compensation regarding that they were given loans that were unafforable. The amount of compensation received for people with eligible complaints completely depends on the process of the company’s closure.
What should I do if I have an outstanding loan with 247 Moneybox?If you have an open loan with 247 Moneybox, you should continue to make your repayments as normal and agreed. Be sure to stay on top of your payments as any late payment may have additional charges, it also may show up on your credit report and have a negative impact on your possibility of being accepted in the future when applying for finance.
Am I eligible to make a claim against 247 Moneybox?Here’s what we know regarding your eligibility for compensation. You’ll need to have proof that you couldn’t afford the loan during the time you borrowed it. If the loan repayments for 247 Moneybox meant you were having difficulty repaying other bills/debts, then this means that you were irresponsibly lent to. There’s a possibility you may also be entitled to compensation if you had any late repayments or if you had to take out back-to-back loans because this is a good indication that you couldn’t afford to take out a new one.
I’m looking for a new loan where should I look?With 247 Moneybox going into Administration. You may be unsure where to look, Sunny Loans UK is a new payday loan company offering loans from £100-£5000 with a same day payout* Always try to find different alternatives before taking out any loan. If you’re looking for a loan today, then please click Here.
I’m worried about debt what should I do?If you’re concerned about your 247 Moneybox loan or any other debt for that matter, there’s many debt lines that will be able to advise you on your current situation and get you the best help possible. Please check our Sunny loans Bad Credit page for more information about debt help.
247 Moneybox News
1. “PAYDAY lender 247Moneybox has gone bust leaving thousands of customers in limbo over payments and compensation claims.”
Read full article here: https://www.thesun.co.uk/money/10471346/payday-lender-247moneybox-bust-compensation/
2. “Payday lenders 24/7 Moneybox and PiggyBank have entered administration. “
Read full article here: https://www.stepchange.org/24-7-Moneybox-closure.aspx
3. “Payday lender 247 Moneybox has gone into administration and all new lending activity has ceased.”
Read full article here: https://www.yourmoney.com/credit-cards-loans/payday-lender-247-moneybox-enters-administration/
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