Don't you just hate wonga ?

Jeff_Bridges_hair

fluffnutter wrote: »

What do you expect from a company that charges 4214% APR? I would have thought their business aim was fairly transparent; make as much money as possible from those desperate enough to accept their terms.

That APR figure though bears no resemblance to anything if you pay the loan back on time.. Its no where near that.

What i dont understand is, if you had money in another account why did you not transfer it over to the account the money was to come out of and thus no need for phone calls and unpaid bills.

Blitz01

Although i cancelled that card and have blocked wonga any access to taking anything from my account.

You do realise that blocking the card will make no difference at all.
You cannot 'block' them from extracting money from your account, and i think you will soon realise this.

stephen77

Blitz01 wrote: »

You do realise that blocking the card will make no difference at all.
You cannot 'block' them from extracting money from your account, and i think you will soon realise this.

That is my concern. I helped pay some one else some money off for wonga to avoid them being fined.
I never took out a loan with them.

Then they took some money from account about 4 months later as the other person did not pay the rest of there money.
I have sinced changed my bank card. Well I reported it lost to get a new card.
I did ask my bank if it was legal. They said they are not sure but I am not the only person who this has happend to.

When I spoke to Wonga they said you have to remove the card details from there system. However no option to do this.

darkpool

tbh i think you have been foolish bloclking your card.

but good luck getting it all sorted.

Enfieldian

You can make card repayments from the original card or add a new one online.

It is fairly easy to find that out on the website, you know, the website you used to get the loan......

drussellh

MichaelCR wrote: »

I sure as hell do, I took a small loan out with this lot, didn't have sufficient funds in my account to pay it back (Accidently made the repayment date 2 days before my actual payday), My fault, Silly me, Anyways, I tried phoning them up to arrange a payment from another account of mine, Getting through to their customer service department was by far the most annoying experience, What kind of company makes you hold 30 minutes before some clueless person answers the phone ? Unless they receive thousands of complaints each day (The more viable option), The ignorant idiot on the other end of the phone said i had to pay a £12 fee, And interest will be added onto my account, Then he told me i couldn't make the payment from my other account and it had to be off the card i registered it as, Probably so they make 2 days worth of interest, and wack as many charges onto it, Probably the most rudest person i've ever encountered, So i phoned them on my payday to make a payment and well, I waited 28 minutes on hold before giving up and just hanging up, Haven't heard from them since, anyone else have any stories about wonga ?

Sounds quite inflexible. Could you have gone into your overdraft for the 120 ?

stayincontrol

Just like to point out that Wonga or any other company have no right to take money from your account if you cancel a regular card payment.

All you have to do is inform your bank or card issuer that you wish to cancel the recurring transaction or continuous payment authority to Wonga.

If money is then taken from your account this is then deemed as an unauthorised transaction the bank is then liable to pay back the money plus any chrges and fees right away.

I hope this clears up any confusion over this issue.

Labmanager

stayincontrol wrote: »

Just like to point out that Wonga or any other company have no right to take money from your account if you cancel a regular card payment.

All you have to do is inform your bank or card issuer that you wish to cancel the recurring transaction or continuous payment authority to Wonga.

If money is then taken from your account this is then deemed as an unauthorised transaction the bank is then liable to pay back the money plus any chrges and fees right away.

I hope this clears up any confusion over this issue.

Do you have a link to an authoritative source for this?

MultiCat

You can extend your payment date online, just for future reference. It obviously builds more interest but at least you don't have to pay any charges.

dealer_wins

MichaelCR wrote: »

Thats the thing, I could have opted for a loan with my bank, But when i only needed £120, and the min i can borrow from my bank is £1000, Then who else do you turn to ?

If your bank is prepared to offer you a £1000 loan, then there is a 99% chance they will give you a £120 overdraft.