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  • FIRST POST
    oceanscape
    Settled WONGA loan on credit report
    • #1
    • 2nd May 11, 11:27 AM
    Settled WONGA loan on credit report 2nd May 11 at 11:27 AM
    I'm so upset right now.

    I took out a Wonga loan a couple of months ago to cover a short-term cash flow problem. I paid it back on time and thought that was the end of it.

    Later, I applied for a loan from my bank. They rejected me. When I asked why I was told that the WONGA loan on my credit reference signified that I was experiencing "financial stress" and therefore they would not be willing to lend money to me, even though the pay-day loan was paid off in full and on time.

    I had NO IDEA that a SETTLED wonga loan would trash my immaculate credit rating (I have NEVER missed a payment or anything).

    Will I ever get a new loan or credit card again?
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