Removing a Payday loan from credit file

Tryingtomoveout

Hi

I know this is a long shot, but is there any way of removing these from my credit file? I'm not disputing that I took them...so I suppose I deserve them to be there...However, they are all from Wonga and I know Wonga recently wrote off a load of loans and also wiped evidence from customers' credit scores- therefore it seems a little unfair.

I am in a much better financial position now and wish to apply for a mortgage, but I have around 8 payday loans from Wonga on my credit file, taken out between 12- 18months ago (always paid in full, usually before my payday), but I am pretty sure these are going to stop me from getting a mortgage.

Anyone managed to get these removed from their credit file?

PaulW922

I have tried to have loans from a Payday lender removed as each rollover was entered as a new loan - no joy. I think you are right about such loans having a negative affect but as time moves on they count for less. They are not like defaults after all..

I don't agree that having the data there is unfair though. You took out the loan and paid it and Wonga has recorded that accurately.

The_Boss

No chance of them being removed as they are an accurate justifiable part of your credit history and future lenders need to know that you resorted to payday loans.

Look at it this way - if anyone could remove anything then there wouldn't be any point in credit files since people could pick and choose which information appeared and would obviously want to remove anything negative.

Sorry to say that you're the same as everyone else and they won't make an exception just for you.

Hazzinho

The loans they wrote off were where they lent irresponsibly, if you'd defaulted on them all then perhaps you'd have a case. You paid them off no problem so it was valid. They may have an impact applying for a mortgage as you took them out fairly recently and PDL's are a good sign you are struggling financially, it's a big jump from them to a mortgage in such a small period of time so some lenders will be wary, especially if you don't have a big deposit.

chanz4

Launch a treating fairly complaint, as you should be not in a worse situation