On 13th December 2022, Morses Club PLC communicated its plans to enter a Scheme of Arrangement (“Scheme”) with its Scheme creditors. If the Scheme is voted for and approved, customers who received a loan between the 1st April 2014 and 2nd August 2022, may be entitled to compensation based on a claim that the loan was unaffordable at the time it was given.
Morses Club has attempted to contact all of its existing and previous customers. You may have received a letter, e-mail or text message about the Scheme which includes an important Scheme Reference Number (SRN) needed for you to register your interest in the proposed Scheme. If you have not received a letter, e-mail or text message confirming your SRN by the 16th January 2023, please Contact us immediately.
Further information related to the proposed Scheme can be found in the Practice Statement Letter (PSL), a copy of which can be viewed on the Documents page of this website.
Morses Club has made provision for all claims submitted on or after 11 August 2022 to be considered as part of the Scheme. Claims submitted before this date will be processed in line with the Company’s usual claims process.
This website and the FAQs will be updated with further information as it becomes available. Please continue to check this website for updates.
As detailed above, if you believe you may be eligible for compensation and you have not received any correspondence by 16th January 2023 please Contact us immediately.
Customers will not be approached by us or any other Third Party acting on our behalf, to assist in submitting a claim. Do not give details of your claim or any personal information or bank account details to anyone who approaches you alleging that they work for us or another party acting on our behalf. If you do require any assistance or are unsure as to the validity of any correspondence you have received, please email [email protected].