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  • Borrowers sold unaffordable loans by Wonga will find out in days how much compensation....

    ........they will get.

    • Wonga went into administration in August 2018
    • Between April and August 2019 it received 390,000 successful complaints
    • Those due payouts after being sold unaffordable loans were told they would find out how much they will get at the end of January 2020
    Almost 390,000 people...
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  • 5corpio
    started a blog post QuickQuid victims promised 'easy' compensation scheme

    QuickQuid victims promised 'easy' compensation scheme

    Borrowers who believe they were mis-sold a loan by collapsed payday lender QuickQuid will need to apply for compensation via an online portal. The company's administrators, Grant Thornton, will run the system and have promised it will be "quick and easy". The portal is not yet live, but is...
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  • 5corpio
    started a blog post Wonga's legacy of nearly 400,000 mis-sold loans

    Wonga's legacy of nearly 400,000 mis-sold loans

    Payday lender Wonga mis-sold loans to hundreds of thousands of people who will only receive a fraction of the compensation payments they are owed. Administrators for the lender, which collapsed in August 2018, have revealed that 389,621 eligible claims have been made since Wonga's demise. Ex-customers...
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  • 5corpio
    started a blog post Wonga: Fourfold rise in compensation claimant estimate

    Wonga: Fourfold rise in compensation claimant estimate

    More than 40,000 customers of former payday lender Wonga are seeking compensation with more expected to follow suit, administrators have said. The total is four times the previous estimate, accountants Grant Thornton said, although many will expect little in terms of redress. These customers have complained...
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  • 5corpio
    started a blog post Wonga customers have been cast aside, MPs say

    Wonga customers have been cast aside, MPs say

    City watchdog FCA chose in 2016 to exclude short term credit firms like Wonga from the government's financial compensation scheme.

    MPs are calling for government intervention as thousands of Wonga customers seeking compensation from the collapsed payday lender have been left in financial limbo because...
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  • 5corpio
    started a blog post Wonga prepares for 'orderly wind down'

    Wonga prepares for 'orderly wind down'

    Administrators have been officially appointed to conduct an "orderly wind down" of Wonga in the UK following the company's collapse. The payday lender said its management had no alternative following attempts to restructure the business. It said the level of compensation claims for legacy...
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  • 5corpio
    started a blog post Wonga payday firm stops offering new loans

    Wonga payday firm stops offering new loans

    Payday lender Wonga has said it is no longer accepting new loan applications as it teeters on the brink of collapse. The company said in a statement on its website that it was continuing to "assess its options" and existing customers could still use their services to manage their loans. It...
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  • consortium cash call rescues payday lender Wonga from insolvency

    Wonga, one of Britain's largest short-term money-lenders, has been saved from going bust by an emergency £10m cash injection from a consortium of high-profile technology investors. Sky News ‎can exclusively reveal that Wonga, which was among the pioneers of the UK's online payday lending sector,...
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  • 5corpio
    started a blog post Payday lender Wonga records £65m loss amid overhaul

    Payday lender Wonga records £65m loss amid overhaul

    Wonga - Britain's biggest payday lender - posted pre-tax losses of nearly £65m in 2016, but claims its business has been "transformed". The short-term lender had previously admitted it had "lost its way" under its old management and had been accused of targeting the vulnerable....
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  • Bad credit history but all say settled ?

    Hi I'm new to the forum, I've been looking into my credit file. I use to be a real nightmare with paying things, but for the last 4-5 years, I've been better with it. all my payments except 1 have either been settled or I'm still paying them egs. I just don't understand how it can be so bad,...
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  • AAD News Feed
    started a topic Wonga admits double-charging customers

    Wonga admits double-charging customers

    Wonga admits double-charging customers

    This is a duplicate of the Blog Entry made on: 3rd October 2016 15:48
    The UK's biggest payday lender - Wonga - has admitted that it double-charged 7,000 customers for their loans on Friday.

    It says an internal system error resulted
    ...
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  • Payday lender Wonga saw losses double in 2015

    Payday lender Wonga saw losses double in 2015

    This is a duplicate of the Blog Entry made on: 4th May 2016 19:24
    The UK's biggest payday lender - Wonga - saw its losses double last year as tougher regulation in the industry continued to bite.

    The short-term lender saw
    ...
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  • gelfy666
    started a topic Claiming Refunds For Payday Loans

    Claiming Refunds For Payday Loans

    Hello im Gelf, new to this site, i was on money saving expert but theres i few idiots on there.

    Ive never be the best with money and in 2010 i had 2 credit cards with 15k of debt on them, but i was slowly managing pay it back....very slowly.

    In Feb 2010 i had a few large unexpected...
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    Last edited by gelfy666; 9th January 2016, 22:32.

  • Kiko
    started a topic DIY DMP - Stick or Twist

    DIY DMP - Stick or Twist

    Hi Folks,

    Bit of background on my situation.

    I am a gambling addict (although haven't gambled since the end of May) and have racked up debts circa £30k (listed below). Originally I contacted a DMP Service that you paid for. I had arranged them to come to my house for a meeting,...
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  • There back again! - Wonga aims for reinvention in new payday lending ads

    There back again! - Wonga aims for reinvention in new payday lending ads

    This is a duplicate of the Blog Entry made on 19th May 2015 08:06.

    *Short-term lender Wonga has swapped its controversial puppets for "hard-working dinner ladies and mums" as it bids to reinvent...
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