FSCS in-default register

Magic Loans Limited

Declared in default26 October 2009FRN 308522

What this means for you

Because Magic Loans 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

Magic Loans Limited (FRN 308522) was declared in default by the Financial Services Compensation Scheme on 26 October 2009. The firm's product offerings cannot be determined from available records, limiting clarity on the specific financial services it provided to customers. Eligible claimants may be entitled to FSCS compensation, though the applicable limits depend on the product categories under which their claims fall.

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.