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Wonga Please help???
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# 21
lpoolsteve
Old 25-05-2010, 11:32 AM
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My partner has used them a few times now and they have been pretty good. Interest rates are high but they tell you what you will owe when you sign up. Only problem we have had with them is that they tried to take the payment a day early once so it got refused. Quick phonecall sorted it out though
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# 22
KingElvis
Old 25-05-2010, 11:35 AM
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I suppose these places have their uses but I would have to be seriously "running on empty" before I considered them.

To the OP, hope you get it sorted ok :-)

Last edited by KingElvis; 25-05-2010 at 11:40 AM.
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# 23
lpoolsteve
Old 25-05-2010, 11:39 AM
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Quote:
Originally Posted by KingElvis View Post
I suppose these places have their uses but I would have to be seriously "running on empty" before I considered them.

To the OP, hope you get i sorted ok :-)
We were running on empty 3 months ago! Not sure what we are running on now!

Wonga are actually one of the best of a bad bunch in terms of short term lenders.
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# 24
loulourocks
Old 09-06-2010, 5:18 PM
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Default Wonga loans

Just a general few comments about Wonga. I currently have a loan with them and agree they are fit for purpose. However last month i extended my loan with them. I realised that the funds would not be available on the promised date because i was getting paid two days later. I didnt have the funds to extend again so i phoned them to tell them this and let them know funds will be two days late and that i accepted i would incur charges. Do you think i could get through to them? Again i was on hold for 21 minutes and then cut off so £2.10 in phonecalls and still i havent managed to get hold of them. This is do think is a scam! I cant say they are because i think it is clearly explained when you take a loan that you have to pay so much on the required date. But the phone calls 3 times now i have tried and still nothing very frustrating!
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# 25
fozmcfc
Old 09-06-2010, 7:54 PM
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Have you tried posting on the forums on their website?
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# 26
runningfool
Old 06-07-2010, 10:07 AM
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Default Wonga 'scam'

I too have used short-term loans in the past - as long as you pay them off when you're supposed to all is fine - in fact this is from the Wonga website so they couldn't really be more clear:

'Wonga is here to help with occasional cash flow problems - when you need a short-term cash advance to tide you over for a few days or weeks - but our service shouldn't be used to manage existing debt or as a regular source of ongoing credit. If you're already feeling the strain financially, please be aware that a Wonga loan will only add to your commitments because it must be repaid within 30 days. Always think carefully before commiting to any form of credit and, if in doubt, seek advice before making any decisions.
While there’s no magic answer for everyone, we've provided some quick advice on borrowing, plus tips on managing and escaping debt on this page. Simply select and browse the relevant sections using the links above. A quick internet search will also find many more sources of advice, such as the personal finance sections of most national newspapers' websites.'
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# 27
woody01
Old 06-07-2010, 11:58 AM
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Quote:
Originally Posted by donz1507 View Post
Hi new on here and praying someone can help? I took out a payday loan of £150 to be paid back on the 30th dec, Couldnt make my payment and have tried and tried to call wonga.com to arrange payment for end of Jan, however im on hold for 15mins at a time and cant get through or they cut me off, They have sent me 3 e mails and now state i owe them £292, I have cancelled my card and heard horror stories of them clearing out accounts, Is it right i now owe so much?? dont know what to do please help
Cancelling your card will not help.
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# 28
woody01
Old 06-07-2010, 12:00 PM
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Quote:
Originally Posted by donz1507 View Post
Thanks for all the advise, I cancelled my card to stopp them "dipping into my account" I do intend to pay in full however by using the account details i now have for their account, lesson learned, and yes these people did help me when i needed help and yes i maybe a fool however once in this situation its really hard to get out. Thanks again though for the help and support given.
But it won't stop them.
You have given authorisation and the amounts will just transfer to the new one.

Also, anyone calling the =m 'scammers' are just being ridiculous!
I haven't used them, and never will, but all their charges are transparent.

THe people that call them scammers are the ones that do not understand the agreement they sign.

Last edited by woody01; 06-07-2010 at 12:04 PM.
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# 29
yellowtrees
Old 17-07-2010, 11:12 PM
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Default When/how do they tell me?

Hi,

Can any seasoned Wonga users tell me how they let you know whether the application has been successful or not? I applied for a small loan to see me through the next week at about 7.30 this evening. (Should have started paying for my family holiday a lot earlier in installments really).

First the website said the application was delayed while they verified my details. A while later that message dissapeared and I now have 'My Account' page.

The thing is I haven't had any money put into my bank. I haven't had an email to say the application has been accepted or denied, nor is there any info about this on 'My Account' page.

I don't know if the application has been processed and denied or accepted. Alternatively I don't know if it get lost in the system somewhere.

I don't want to apply again, incase the loan is duplicated, and as I imagine that would mean two searches on my credit file. I don't expect a response from Wonga before Monday to my query, but I am wondering if I should inform my bank about this at all as clearly something has gone wrong.

Can any one tell me how Wonga normally notifies people about the progress and outcome of their applications? 15 mins sounded optimistic, but 3hrs plus is a bit more lengthy than I expected even for a no response.

Many thanks for any advice.
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# 30
masterlumps
Old 17-07-2010, 11:25 PM
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they emailed me within 15mins of first application to say i had been successful

i agree Wonga are ok, as long as you pay them back as per arangement
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# 31
pipsi
Old 17-07-2010, 11:32 PM
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I recently applied for a very small loan via Wonga to pay for the work i needed on my car to get it to pass it's MOT as i couldn't wait until i got paid to get the car fixed It took a day or two for them to approve my loan (probably because of a recent house move) and then it was for pretty much double what i'd asked for, i tried ringing them to change the amount to what i wanted as i couldn't see the point in just taking it and only using what i needed as i would be paying interest on the bit i didn't want. In the end they never got back to me to sort it out and i didn't chase it up because by that time it was too late for what i needed the money for and ended up just getting a quick loan from my sister until payday.
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# 32
Peelerfart
Old 18-07-2010, 10:26 AM
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Dick Turpin wore a mask,Wonga put it in their T's and C's what they are going to do.
Net difference = nil.

Being "the best of a bad bunch" as has been said, does not make them good.
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# 33
CHR15
Old 18-07-2010, 10:45 AM
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Dick Turpin made you do something against your will.
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# 34
Peelerfart
Old 18-07-2010, 11:40 AM
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Fair point CHR15, any other differences ?
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# 35
crispy_chris
Old 18-07-2010, 3:31 PM
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Quote:
Originally Posted by Peelerfart View Post
Fair point CHR15, any other differences ?
Does there need to be? Thats such a key difference it's the only one that matters surely.

Same difference between rape and sex and I sure hope you aren't trying to argue they're the same.
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# 36
pink princess
Old 18-07-2010, 3:44 PM
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Quote:
Originally Posted by Peelerfart View Post
Dick Turpin wore a mask,Wonga put it in their T's and C's what they are going to do.
Net difference = nil.

Being "the best of a bad bunch" as has been said, does not make them good.
One is legal the other is not,still doesn t make them good.
Life is short, smile while you still have teeth
My letter "E" is mistyping, please excuse the errors
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# 37
Peelerfart
Old 18-07-2010, 4:25 PM
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Quote:
Originally Posted by pink princess View Post
One is legal the other is not,still doesn t make them good.
Dead right Princess ! one is legal, one is not but both are robbery, and people are queuing up for it.
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# 38
jpharwood
Old 07-08-2010, 6:03 PM
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Thumbs up Eccellent post Dazza.

Quote:
Originally Posted by dazza12 View Post
Their landline telephone number is 0871 288 5704. Yes it does cost 10p a minute, this is hardly a scam when 1000s of companies get away with using 0871 numbers. My bank and ISP insist on using 0871 and 0844 numbers and often have me holding for a long time.

I've used the company in the past, and probably will again. I'm not up to my eyeballs in debt (in fact owe about a tenth of what I did 5 years ago), but occasionally I've needed to use them when a car repair has occurred the wrong side of payday. I've been fully aware of their terms, and also know how misleading APR can be when applied to short term loans. For instance, they don't want to lend to you for a year, so why would a yearly calculation be appropriate? A separate calculation is needed for these types of loans (and also for overdrafts, bank charges etc) so a proper comparison can be made.

My own situation is that I needed £250 for 14 days. Paid it off on payday and that was that. A few months later came home to find water all over the floor. I couldn't afford to buy a washing machine so checked out Wonga again - this time borrowed £400 initially for 14 days again but paid this off within 5 days - if I remember correctly paid only £25 in charges. That's less that what my bank would have charged me if I'd gone over my limit.

It's not intended to be used by those people robbing Peter to pay Paul, or who are at the point of desperation. As they credit check, it's likely such people will be filtered out at application stage.

They do allow you to settle at any point during the loan. Most of their competitors insist on the loan being fixed so at least you can reduce any interest charges if you've got funds before the collection date.

It could be argued that I could use my credit card to do exactly the same thing. Although I've got a credit card, I use this for petrol and other work expenses, and get this repaid by my employer at the end of the month. My limit on this is low, this was requested by me - the last time I had a huge limit on my credit card was when I got into trouble (every purchase was justified as an 'emergency'). I'm not going there again so requested a low limit.

I know that this sounds like I'm a Wonga employee, but I'm not. I agree that some people should avoid such companies like the plague, their problems will not be solved by this company but will compound them. However, for people like me it's worked.
Excellent post Dazza.....Nail on head mate.
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# 39
theartfullodger
Old 09-08-2010, 10:52 AM
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Some consider WONGA to be a bunch of wicked, blood-sucking, shysters ... they could of course be wrong...

They ADVERTISE as charging 2,689% APR...

Personally I wouldnae trust them further than I could throw them, and I have a bad back...

Their founder, CEO & generally rich brother is

http://www.erroldamelin.com/

They claim to be into "Responsible Lending": Aye, right...
http://www.wonga.com/money/wonga-responsible-lending/

Some might consider it responsible only insomuch as their lending generates huge profits for the shareholders: Others might think differently...
Cheers!


Lodger

Last edited by theartfullodger; 09-08-2010 at 11:06 AM.
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# 40
CHR15
Old 09-08-2010, 11:32 AM
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If they advertised a rate of 6% but went on the charge 2,689%, that would be wrong.

The advertise 2,689% and charge 2,689% --- There is nothing wrong with that.

If I could make a widget for £3 but people were queueing up to pay me £3,000 for one. I would charge £3,000 for it.

I wouldn't market the widget for £3.50 - I would be crazy to do so. I could make huge profits by selling it at the maximum people are happy to pay. We all win.

You can only sell something for a cost people are prepared to pay for it (or you don't sell any).

Wonga are up front about what they charge, outrageous as it is, there is a queue around the block of people wanting the product.

Are Wonga at fault, or all the people stood in the queue??
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