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Turned down for payday loan despite high credit rating.

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  • Hazzinho
    Hazzinho Posts: 742 Forumite
    Check your files, if you need to borrow £50 of Wonga there is something very wrong, are you maxing your credit and paying the minimum? With the new rules in place for PDL's £50 isn't with their time IMO.
  • bsms1147
    bsms1147 Posts: 2,276 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Get a grip on your finances!
  • chanz4
    chanz4 Posts: 11,057 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Xmas Saver!
    all down to mse
    Don't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.
  • chiefG wrote: »
    Unfortunately, I needed it quick and it was the evening so I went for Wonga.

    This was your only mistake, boy these are one of the most expensive!
    It is really not very money saving and add to that the greatly sad messages from their previous customers now unable to borrow on a certain social media page shows their really past it? just my take

    Always pick an american based lender if you ask me and your details rarely get passed on, well this is what I enjoy telling the guarantor loan lenders offering £1000 following a recent decline for a £50..just bit of a jump - I took my business elsewhere of an eveningtime too and was accepted, a payday loan doesn't really exist anymore so don't worry to much about it, unless you maybe need a mortgage sometime soon ;) then this finance isn't such a wise idea

    So should have gone to one of the others, it is very converluted, having been in your shoes of needing money quickly I cannot really judge and hope you found a way through
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