Inadequate Affordability Assessments: How Vanquis Credit Cards Could Lead to a Claim

 Before approving credit card applications, lenders like Vanquis are legally required to evaluate whether a borrower can realistically afford the card repayments. This involves carefully assessing an applicant's income, expenses, and financial commitments. However, in many cases, Vanquis has been accused of failing to conduct proper affordability assessments, leaving customers with credit they could not afford to repay.

If Vanquis approved your credit application without properly considering your financial situation, they may have acted irresponsibly, and you could be eligible for a refund. Signs of inadequate affordability checks include being approved for credit during financial struggles, receiving unrealistic limits, or facing repayment difficulties immediately after receiving the card.

By making a claim, you could recover unfair interest and fees, reduce your outstanding balance, or even receive compensation for distress caused. If you suspect your Vanquis credit card was irresponsibly approved, don’t let unfair practices go unchallenged—start your claim today! 

How Facility Review Ltd Can Help You Make a Claim

If you believe you’ve been a victim of irresponsible lending by Vanquis, Facility Review Ltd is here to support you every step of the way. Our team of experienced claims specialists understands the complexities of financial disputes and can help you identify whether you’re eligible for a refund, compensation, or a debt reduction.

We manage the entire claims process for you—assessing your case, gathering evidence, submitting complaints to Vanquis, and, if necessary, escalating your claim to the Financial Ombudsman Service. Saving you time and effort, we ensure that your claim is handled professionally and that you have the best chance of success.

At Facility Review Ltd, we’re committed to restoring financial justice for our clients. Contact us today to start your Vanquis claim and take the first step toward reclaiming what you’re owed!