FSCS in-default register

N.I.Loans.co.uk Limited t/a Loans Made Simple

Declared in default4 November 2010FRN 311402

What this means for you

Because N.I.Loans.co.uk Limited t/a Loans Made Simple has been declared in default, you can't complain via the Financial Ombudsman Service in the normal way. Instead, eligible customers can apply to the Financial Services Compensation Scheme for compensation.

Background

N.I.Loans.co.uk Limited, trading as Loans Made Simple (FRN 311402), was declared in default by the Financial Services Compensation Scheme on 4 November 2010. The firm's product types were not specified in available records. Eligible customers may be entitled to FSCS compensation, subject to the scheme's standard limits depending on the type of financial product involved.

Products this firm wrote

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How to claim

  1. Check you were a customer of this firm during the period it was regulated.
  2. Gather your policy / advice / contract paperwork — start with anything you have in writing.
  3. Identify your loss and the date it crystallised.
  4. Apply via the FSCS online claim portal at claims.fscs.org.uk.
  5. The FSCS investigation typically takes 6–18 months. They will assess eligibility, liability and quantum.