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

bbfc

vicarondo wrote: »

Ooohh am i likely to get a refund?

My refund is for a payment I made on the day the emails were sent out. You will only receive a refund if you have made a payment on or after the email, and you were told not to. Or the interest/charges were refunded. It would of been explained in the email.

martiUK

following reading posts on here i contacted wonga as i havent heard from them my loan was paid up but default and had few issues they have told me that i am one of the customers effect and should be compenstated told me 8 weeks is that correct anyone else in similar postion

Oakdene

Just logged into the system & its saying my loan is still outstanding....

bbfc

martiUK wrote: »

following reading posts on here i contacted wonga as i havent heard from them my loan was paid up but default and had few issues they have told me that i am one of the customers effect and should be compenstated told me 8 weeks is that correct anyone else in similar postion

It should be by the end of the month, as they originally said. I was also told last week that it will all be done by the end of the week. Clearly they are behind.

My account still hasn't been updated. I have another payment due on the 10th November. How do I stop them from taking payment if my account still hasn't been updated by then?

bbfc

Just checked by bank, and my refund has gone in!! Woohoo!

vicarondo

Yay! Now let's see if are accounts are wiped by tomorrow's deadline :beer:

bbfc

vicarondo wrote: »

Yay! Now let's see if are accounts are wiped by tomorrow's deadline :beer:

Let's hope so!

theone2014

Hi

People who have had refunds so far, are these refunds in relation to recent payments on unpaid loans now written off or has anyone had interest refunded on loans fully paid from years ago would not have been approved based on what we know now. Interested to know If wonga have paid back interest on any historic fully paid loans that would not/should not have been approved.

Thanks

bbfc

theone2014 wrote: »

Hi

People who have had refunds so far, are these refunds in relation to recent payments on unpaid loans now written off or has anyone had interest refunded on loans fully paid from years ago would not have been approved based on what we know now. Interested to know If wonga have paid back interest on any historic fully paid loans that would not/should not have been approved.

Thanks

I don't believe they are refunding interest and charges on historical loans that have been paid off, certainly not loans that are a year or more old.

My refund was for a payment I made on the day the email was sent out, which said not to make any more payments. I emailed them asking if it was going to be refunded as the email said and I got a phone call to confirm it would. It's taken 2 weeks but I've finally got it.

I can now put this all behind me and start afresh. Having this loan written off is going to massively help me financially.

Lexx0r

Wondering when this will all be resolved on the credit report.
Mine still shows as outstanding- not ideal.

I have a few Wonga loans from 2011 (when I was a idiot) and I am wondering if Wonga would be kind enough to wipe these off my report too? I repaid on-time and would feel a little hard done by if they wipe outstanding money and the report for that one, but not the positive use of their service that is also effecting my report as they are " Payday Loans "

Id sooner pay back the full amount they say I owe them and have a completely clean account than them wipe some outstanding amount and leave loads of "Satisfied" accounts on my file.