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Wonga & Credit File

bamgbost
bamgbost Posts: 483 Forumite
Part of the Furniture 100 Posts Photogenic Name Dropper
in Loans
Hi Guys

Just read this online:

http://www.experian.co.uk/blogs/consumer-advice/will-cancelled-wonga-loans-affect-credit-ratings/

Does it mean that if you have defaults with Wonga, they will be removed from your credit history??!!

and if so, has anyone had this happen for them??!
365 Day 1p challenge - £371.49 / 667.95
Emergency Fund   £1000 / £1000 ( will enlarge once debts are cleared)
DFW - £TBC
«1

Comments

  • DCFC79
    DCFC79 Posts: 40,641 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    bamgbost wrote: »
    Hi Guys

    Just read this online:

    http://www.experian.co.uk/blogs/consumer-advice/will-cancelled-wonga-loans-affect-credit-ratings/

    Does it mean that if you have defaults with Wonga, they will be removed from your credit history??!!

    and if so, has anyone had this happen for them??!

    Yes thats how I read it, it says its due to happen in November, whether its last year or this year I don't know but Im sure James will be able to help.
  • bamgbost
    bamgbost Posts: 483 Forumite
    Part of the Furniture 100 Posts Photogenic Name Dropper
    Whose James? Is he a Forum expert or something?

    Also I think the article meant November last year.

    Does anyone know if this has happened for them @ all?
    365 Day 1p challenge - £371.49 / 667.95
    Emergency Fund   £1000 / £1000 ( will enlarge once debts are cleared)
    DFW - £TBC
  • rizla_king
    rizla_king Posts: 2,895 Forumite
    Only the loans being cancelled had defaults removed. If yours wasnt then the default stays.
    Still rolling rolling rolling...... :) <
    SIGNATURE - Not part of post
  • DCFC79
    DCFC79 Posts: 40,641 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    bamgbost wrote: »
    Whose James? Is he a Forum expert or something?

    Also I think the article meant November last year.

    Does anyone know if this has happened for them @ all?

    James's is a experian rep, you will see him around on here.

    Oh yeah your right its Nov last year.

    If your affected by it the wonga will contact you.
  • sexyshark
    sexyshark Posts: 298 Forumite
    my default has been removed
    Sealed pot member 095 SPC No 7 £578.32
    sealed pot No 8 Target £750 TOTAL £1059.86:j
    sealed pot no 9 Target £1200 TOTAL £1073.38:cool:
    sealed pot no 10 Target £1200 TOTAL £1209
    sealed pot No 11 target £1250 total £TBC
  • bamgbost
    bamgbost Posts: 483 Forumite
    Part of the Furniture 100 Posts Photogenic Name Dropper
    Lucky you Sexy Shark!

    James (the Experian Rep), where art thou? For your infinite knowledge of wisdom!:D

    Or maybe you on your holz! :(
    365 Day 1p challenge - £371.49 / 667.95
    Emergency Fund   £1000 / £1000 ( will enlarge once debts are cleared)
    DFW - £TBC
  • fermi
    fermi Posts: 40,542 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Rampant Recycler
    edited 24 April 2015 at 8:40AM
    Alternative way is @ExperianExperts & @AskJames

    In the end though it is up to Wonga which ones they think were not lent appropriately and so should be removed, so I suspect only they can give you an answer specific to your case.
    Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB

    IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed
  • bamgbost
    bamgbost Posts: 483 Forumite
    Part of the Furniture 100 Posts Photogenic Name Dropper
    Bit of an update.
    I contacted Wonga & Raised complaint. They accepted responsibility. About a month ago now. and just checked my report and voila! Its gone!!

    No sign of them on Credit Expert. And the score thing went up!

    I need to now cancel my membership! But does anyone know how to review historic...settled accounts on there? couldn't find it very easily.
    365 Day 1p challenge - £371.49 / 667.95
    Emergency Fund   £1000 / £1000 ( will enlarge once debts are cleared)
    DFW - £TBC
  • morrit
    morrit Posts: 111 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    Hang on... so if you defaulted a Wonga loan they remove all trace but if you didn't the trace still remains? Being that I took out a Wonga loan on several occasions under the impression it would 'improve my score' (their words) I since found out it actually damaged it despite never defaulting or paying it back late...
    If that's right it hardly seems fair! lol
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Tenth Anniversary 1,000 Posts Name Dropper Photogenic
    Yep, that is why everyone needs to complain really.

    Even the 'new' lenders cannot explain themselves, though if you argue to get it removed how does that then effect your scoring?

    Hope the defaulters land up in their laps because they will be unaware that their now possibly dealing with defaulters with removal allowed... how ironic
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