Wonga took 2 payments-refund help!

jason1231972

Apples2 wrote: »

I only disagree with the suggestion most Students clear their debts within a year or two, I'm not sure I have even heard of anyone clearing it that quickly, let alone know anyone.

Perhaps feasible if only credit debts, rather than income-contingient student loans, are taken into account. I know of many a person who's cleared a couple of grand personal 'student' debt in a year or two, but know of nobody at all in my graduating class (2006, mature student) who's cleared their post-1998 student loan!

real1314

Apples2 wrote: »

Not convinced it's worth the effort but here goes...

The OP has broken the Loan Contract, which clearly stated when and how much was to be repaid, the OP failed to adhere to it.

The OP does not have a new contract, simply an Arangement to Pay(AP).
There is no new contract for the OP to harp on about, Wonga are under no obligation to abide by the AP. This is nothing more than a goodwill gesture by Wonga to protect their reputation.

Not all PDL companies bother reprting to Credit Agencies, in this case, if Wongo do, the OP can expect to be excluded from all mainstream lending for the next 6 years. Anyone hazard a guess why?
It's because an Arrangement to Pay will be reflected on the Credit Files due to breaking the loan contract.

The OP has made no comment about Wonga agreeing to freeze Interest on this defaulted account. They may well freeze the Interest, great news for the OP, but many of them won't. The OP's claim to only owe a few quid may be somewhat wide of the truth.

19yrs old, still effectively at school and already disappeared into financial problems, the worse thing is beligerantly not understanding the position.

The best news for the OP is that Wonga seem to be the best of a bad bunch, if it had been toothfairy, we would have a whole lot of other complaints to argue about.

If you keep using the spade, the hole you dug for yourself will just get deeper.
What would the Financial Ombudsman have to say about a Finance Provider accepting an AP and then reneging on it?

And you claim this "goodwill gesture" can be both arbitrairly ceased, and at the same time be reported on a credit file. Wow!

And then a whole bunch of assumptions - "Only a few quid may be wide of the mark" ; "disappeared into financial problems, the worse thing is beligerantly not understanding the position" - er, where have they disappeared? They are asking for advice on getting it sorted. As for the "beligerance" - just because they don't take YOUR advice doesn't make them beligerant.

Why not just leave the thread alone, to save face? :cool:

geoffky

We post in the real world on here..some people do not like the reality of the answers we give...wonga have done what we all on here know they will do and i and others know they will raid the account again if they can...This is what you get when you dance with the devil and where they have access to your bank account any time they want....play with fire you sometimes get burnt and wonga are trying to secure that they do not get burnt AGAIN...rightly or wrongly!!!

neas

Yet clearly this isnt someone just 'living beyond their means'..

All students technically 'live beyond their means' because they require debt to do so...(tuition and residence + beeer and food money).

Just saying... its not some 40 year old man or woman who has no job, has been on benefits for x amount of years and is just getting these loans to get something fancy is it?

real1314

geoffky wrote: »

We post in the real world on here..some people do not like the reality of the answers we give...wonga have done what we all on here know they will do and i and others know they will raid the account again if they can...This is what you get when you dance with the devil and where they have access to your bank account any time they want....play with fire you sometimes get burnt and wonga are trying to secure that they do not get burnt AGAIN...rightly or wrongly!!!

Oh, right. The FSO is some sort of fantasy then?

The "real" world includes holding companies to account for their actions in accordance with relevant laws and regulations. That is one of the key tools of MSE.
If Wonga do things that are not within agreements, OP is fully entitled to ask for advice on dealing with such a situation. Telling the OP "that's what Wonga do, so just accept it" is the sort of futile defeatist attitude that true MSE'r laugh at.

"rightly or wrongly" must be the most pointless comment ever seen on a consumer rights forum. You need to re-appraise your attitude to using your "rights".

btw; Who is "we"? Are you part of some forum tag-team, who define MSE policy? Or did you mean "I" - which would be odd as it wasn't a comment of yours I responded, and you hadn't even commented on the thread! Are you an Apple-fan-boy or something?
:cool:

CHR15

real1314 wrote: »

What would the Financial Ombudsman have to say about a Finance Provider accepting an AP and then reneging on it?

I take it none of the three and a half thousand posts of yours have been made on the Loans board?

If they were, I'm sure you would have some clue about how Pay Day Lenders conduct their business.
Your posts are very naive from someone who has been a member on here such a long time.

It wouldn't take long to search out a whole host of posts on here where PDL's have cleared accounts, reneged on arrangements to pay, taken money from third party accounts.... but I'm sure it's all fantasy, as you say, with the FOS about, nothing can go awry :rotfl:

Your other comment about damaged credit files (Wow!) - A Shameful comment on a forum dedicated to obtaining the lowest rates and ensuring people are the lowest risk.

Go ahead and continue flaming the posters who are stating the real life facts of how this market rotates.

Best off going back to whichever forum you normally post on, you're getting this one all wrong.

geoffky

real1314 wrote: »

Oh, right. The FSO is some sort of fantasy then?

The "real" world includes holding companies to account for their actions in accordance with relevant laws and regulations. That is one of the key tools of MSE.
If Wonga do things that are not within agreements, OP is fully entitled to ask for advice on dealing with such a situation. Telling the OP "that's what Wonga do, so just accept it" is the sort of futile defeatist attitude that true MSE'r laugh at.

"rightly or wrongly" must be the most pointless comment ever seen on a consumer rights forum. You need to re-appraise your attitude to using your "rights".

btw; Who is "we"? Are you part of some forum tag-team, who define MSE policy? Or did you mean "I" - which would be odd as it wasn't a comment of yours I responded, and you hadn't even commented on the thread! Are you an Apple-fan-boy or something?
:cool:

3000 posts and you do not have a clue....stay around and you might learn.. and then apologize.. a little clue..."they do not play by the rules"...

real1314

geoffky wrote: »

3000 posts and you do not have a clue....stay around and you might learn.. and then apologize.. a little clue..."they do not play by the rules"...

Are you suggesting that the FSO would not take action?

:cool:

real1314

Apples2 wrote: »

This is wrong, you do not get loans to pretend you got paid more that month. You take loans to buy something where you have enough spare each month to make the repayments.

Do the apples club want to comment on this piece of advice?

Does it fit within common practice?
Do all loans have to be taken to make a purchase?

Of course they don't; not in the actual real world. Many people use loans for cashflow purposes, which is the whole point of pay-day loans.
I've even heard of multi-millionaires using loans for cashflow.

I'd suggest that anyone who thinks that loans are only for purchases is the naive one.

ps. make sure you give a view on whether the FSO can act in the case the OP described. It'd give a really illuminating perspective.

And it's funny how apples' initial comment is fine, but woe-betide anyone picking up on it; they get accused of flaming!
:cool:

CHR15

real1314 wrote: »

Are you suggesting that the FSO would not take action?
:cool:

Depends who the FSO are.
If anyone would take action it would probably be the FOS.

Even then, they would expect the complainant to have followed the Companies correct complaints procedure, 30 days to respond followed by 8 weeks to respond to a formal complaint.

Not a quick thing at all, and most people who find themselves in this position (based on the multitude of posts on MSE) simply give up before this stage.

It's completely unrealistic to assume the FOS are going to wade in at a moments notice, they would need to be staffed by many many thousands.

But the consumer must first give the business they are unhappy with the opportunity to look into the complaint itself - before the ombudsman service can make a decision on the dispute