Wonga repayment - Could I claim?

daytona0

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Bollotom

Seems like it might be for those who haven't paid. I don't know if it will be done retrospectively, though they have given a date for this month where they are going to contact all the people concerned. I doubt they'd look at yours as it's paid off, but nothing ventured, nothing gained. They can only say no. :cool:

poppasmurf_bewdley

Dream on. Pleasant dreams.

redcard

daytona0 wrote: »

I had to almost kill myself to square it up (and avoid excessive charges)

There's a massive, massive difference between killing yourself and almost killing yourself.

It's not like you somehow got lucky and ended up not killing yourself.

tomtontom

Why did you apply for a loan you knew you could not repay? That would appear quite irresponsible on your part.

jellie

daytona0 wrote: »

Do you think this is something that might be worth putting in a claim for (Letter before action etc),

What action are you planning to threaten them with?

poppasmurf_bewdley

The BBC Radio 4 Consumer programme You and Yours today broached this subject, and quoted Wonga as saying they have no intention of paying interest or charges back to anybody who has cleared their account.

bowlhead99

daytona0 wrote: »

Aye! I've put in a letter before action asking for about 75% of the final owed balance. Who knows what will happen

I know what will happen. They will tell you to f off.

What "action" do you have in mind that they would be at all concerned about you carrying out ? They already agreed with the regulator that they would write off some current debts and the regulator has agreed with that approach, and has not said they should back and pay back all their profits to everyone they ever took revenue from.

Your borrowing wasn't a debt you couldn't be expected to have been able to pay back. You did pay it back! Having borrowed from them to meet your short term financial needs and then eventually refinanced with someone who will let you pay a lower rate and over a longer term.

What you have already got from them is some sort of financial education about not trying to borrow beyond your means. That's a valuable life lesson that is hard to get from a book or TV show or website and actually take seriously. You will remember that education for life, and if you are in danger of forgetting, the family member who bailed you out will be happy to remind you.

What do you owe them for that priceless education? I guess you already paid them a bit, embedded in their interest rates and admin fees. Maybe not enough. Hmmmmm... Why not compare what you owe them for the education, with the the 75% of your final balance that somehow you think they owe you, and call it a wash.:D

poppasmurf_bewdley

daytona0 wrote: »

The vibe I get from you is that you are happy for someone to take out a 500 pound loan and have it written off without paying it, but you are not happy for an almost identical person to struggle to pay it off (doing the correct thing) and then try to reclaim some of the money back. I don't really get it. At the end of the day Wonga have admitted some liability and theoretically it might apply to me.

Speaking personally, I'm not happy that all those who owe Wonga money are having their debts written off. I believe every single one of those people knew exactly what they were doing, and many of them took out the loans knowing they hadn't a hope in hell of paying the loan off. They're the ones who have won, and they'll be laughing all the way to the pub.

As regards yourself, who has struggled to pay off Wonga; you've heard that others are being let off and you now think you should be let off as well. You're just jealous that they've gotten away with it and you haven't.

Many of us on this forum have struggled to pay off loans, large and small. If we all tried to claim back what we've paid in interest and charges every time we heard of someone getting away with a debt when we have paid, we would be doing nothing else but making claims.

ExcludedCloud

I have had a Wonga loan too and had it paid back by my family due to a settlement offer being received.

To try and claim back a loan that you have already paid off is quite frankly ridiculous IMO, sorry if that offends but if that was the case with lenders you would have no end of people trying to claim back loans they have taken out and then decided they regret it after they have spent the companies money.

I am sure they will tell you where to go.

MerchantMariner

Just wondering if you've heard anything?

I am in a similar situation. I received a substantial payrise and started snowballing my debt based on smallest balance first (as all on 0% interest on DMP). Wonga at less than £600 was one of the first. Kicking myself because if I left it to last I'd be £600 better off.

In fairness, I suppose that's just the way the cookie crumbles. It would, though, be nice to see the Wonga default removed from my credit file. Going to make very little difference but hey, it's one step on the road to rebuilding.