Tackling irresponsible lending that leaves customers in hardship.
Barings Law have the experts to handle compensation claims for instances of banks providing credit facilities for those unable to repay the debt.
- Make Your Claim in Confidence
- Easy Application
Determine your eligibility for a compensation claim.
- You became trapped in a cycle of borrowing in order to meet your existing debts
- The debt you incurred had an effect on your ability to meet essential living expenses
- Your mental well-being was negatively affected by the increase in stress and worry
- You have suffered significant financial or emotional distress due to irresponsible lending
- Your lender provided you with more credit or finance than you could afford to repay without extreme difficulty
- Your lender did not carry out, or did not act appropriately on the result of, reasonable and proportionate checks
- You are concerned about the transparency and honesty of your lender
- Your repayment capabilities were not adequately assessed by the lender
- Your lender failed to realise that your existing debt was increasing in a way that was unsustainable or otherwise harmful
The areas into which we look when making a compensation claim for irresponsible lending are:
- Insufficient checks
- Industry regulation breaches
- Creating an unfair relationship
- Lending more than a customer can reasonably repay
What can you claim for if you were granted credit you could not afford?
If your repayments were unaffordable, or if meeting those payments meant you experienced severe hardship, you may be a victim of irresponsible lending. You must look at:
Affordability check failures
Severe hardships for the customer
Secured loan mis-selling
Your Path to Expert Legal Consultation.
Submit Claim
Fill out our quick and easy online form for your initial assessment.
Case review
Negotiation
Receive Compensation
Frequently Asked Questions.
What information do I need when submitting a claim?
When submitting a claim through our quick and easy online form, we will require:
- The details of the lender you believe to be irresponsible
- The date of the financial product you purchased
- Details of the amount you borrowed and what effect it had on you
What fee do Barings Law charge?
If we are successful in your claim, Barings Law charge a success fee. This will be no more than 30% or £10,000 (excluding VAT), whichever is lower. These fees will be displayed in your Conditional Fee Agreement. We work on this basis in order to significantly reduce the risk of a client facing a bill for legal fees in instances of unsuccessful claims. All we ask is that you are honest and cooperative throughout as we carry out your instructions.
What do I have to pay if my claim is unsuccessful?
If we are unsuccessful in your compensation claim it is highly unlikely that you will receive a bill for our services, providing you have cooperated with us at every stage of your claim. There are virtually no circumstances in which we will charge a client in the event of a claim being unsuccessful.
How long does the process take?
I no longer live with the person I took out the loan with, can I still claim?
The lender I used for the loan with has ceased trading, can I still claim?
What Barings Law clients have to say.
Discover the success stories of our satisfied clients – Read our testimonials from clients who trust us.
Excellence in Legal Representation.
Barings Law specialises in providing legal services to address mis-sold financial products, business litigation related to business interruption and mis-sold business energy, bank fraud and irresponsible lending claims, and more. Our dedicated team prioritises client success by combining legal expertise with a personal approach to deliver meaningful results.
Discover if your bank has acted irresponsibly in granting you credit
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