FSCS in-default register

Simply Loans Direct Limited

Declared in default16 September 2009FRN 303516

What this means for you

Because Simply Loans Direct Limited 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

Simply Loans Direct Limited, a UK regulated financial services firm authorised under FRN 303516, was declared in default by the Financial Services Compensation Scheme on 16 September 2009. The firm's product offerings cannot be confirmed from available records. Eligible customers may claim compensation up to the applicable FSCS limits, though the specific coverage depends on the products held at the time of default.

Products this firm wrote

--

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.