Millions of payday loan customers have just ONE MONTH left to get refunds – find out if you’re owed money

MORE than four million Brits could be owed cash after taking out unaffordable payday and doorstep loans.

Customers of Provident Financial, Greenwood, Flo and Satsuma have just one month left to make their claim before the February 28 deadline.

You could get refunds for any mis-sold loans, even if you paid the debt back years ago - so it's well worth checking.

Customers might be able to claim for loans from four different brands:

• Doorstep loans made by Provident
• Doorstep loans made by Greenwood
• Payday loans through Satsuma
• Guarantor loans through Glo

These loans were given between 6 April 2007 and 17 December 2020, so if you bought a product between those dates you could be owed cash.

Regulators found that these products were unfairly sold to people and that the providers didn;t carry out the right affordability checks.

Ex-customers can get a share of a £50m pot, which has been set aside to refund anyone who has a successful claim.

But borrowers could still get cash worth hundreds of pounds and if you don't claim you won't get anything back at all.

If you're successful, you could also get bad marks removed from your credit record, which is really important because it impacts everything from getting a mortgage to the interest you pay on credit cards.

Sara Williams from blog told The Sun: "Provident loans were only meant to be used for short term borrowing - that's why the interest rate was so high.

"But Provident did not make proper checks on borrowers. Hundreds of thousands of people borrowed continuously from Provident for years.

"They have a good chance of having a claim for 'unaffordable lending' upheld  - even if they made all the repayments on time! 

"If you win you will get back some of the interest you paid - this is worth applying for."

Anyone who took out a loan with Provident, Satsuma, Greenwood and Glo between April 6, 2007 and December 17, 2020 could be eligible for a refund.

If the loan was unaffordable it's worth applying, for instance, if you struggled with repayments or had to borrow money to keep up with them and got into debt.

How much you get back will depend on how much you borrowed and for how long.

Yor payout will also depend on how many other people claim successfully as there is a set pot of cash to be split.

The refunds will be dished out after the scheme closes at 5pm on February 28, 2022.