Wonga says it is writing off £220m of debts for 330,000 customers

[Deleted User]

http://www.bbc.co.uk/news/business-29457044

Probably of interest to a large number of people here!

enator

Which comes to £666 each - very apt

paddyrg

They're trying to go legit and get credibility, my opinions are mixed. Clearly it's a good thing for anyone thinking of using them, but I can't help feel they could have taken this high ground years ago and chose to keep taking the money instead.

A lot of the write offs well be defaulters anyway, expensive to chase, will stay on the credit blacklist, and the write off well be set against income for tax purposes.

frazyoussef

I defaulted on one back in 2009 wonder if they will wipe mine? Doubt it though as haven't heard from them.

bris

frazyoussef wrote: »

I defaulted on one back in 2009 wonder if they will wipe mine? Doubt it though as haven't heard from them.

You and thousands of others, with no way to pay and no hope of recovery. Comes to about £220 million by coincidence, but the publicity is good for them.

fermi

Continued here --> MSE News: Wonga busted by the FCA: 330,000 to have their loan wiped