Wonga claims

Mick1989

Hi
I have received an email from Wonga to confirm that 147 of my loans from years past will now be removed from my credit file in the coming months, is this likely to increase my credit report worthiness and the score ( even if the latter is useless) ?

Side note which might be for another thread- how much of the claim amount do you guy's expect claimants to receive - i.e around 10% or worse?

Thank you in advance.

[Deleted User]

Having fewer PDLs in your file will always be a good thing, even though the score may drop.

m-holland

Is 147 a typo?

troubleonline

m-holland wrote: »

Is 147 a typo?

I don't really know about this but am guessing it is pay day loan provider and the OP has taken out 147 short term loans maybe even just for a few days each time. I can imagine it can be hard to get back on track once you've taken a few given you lose money on interest every time and effectively lengthen the gap between paydays.

[Deleted User]

I took out a Wonga loan in 2011 and only paid a small part of it back. A few years ago I got a letter saying that I shouldn't have been given a loan so they wrote the rest of the balance off and removed themselves from my credit file.

Fast forward to recently, I tried to make a claim for a refund of what I did pay only to be knocked back.

How can they claim that I was miss sold it a few years ago and writing it off, to now saying that I'm not entitled to a refund!

sourcrates

Deleted_User wrote: »

I took out a Wonga loan in 2011 and only paid a small part of it back. A few years ago I got a letter saying that I shouldn't have been given a loan so they wrote the rest of the balance off and removed themselves from my credit file.

Fast forward to recently, I tried to make a claim for a refund of what I did pay only to be knocked back.

How can they claim that I was miss sold it a few years ago and writing it off, to now saying that I'm not entitled to a refund!

Because the limitations act kicks in @6 years, that’s most likely why.

[Deleted User]

sourcrates wrote: »

Because the limitations act kicks in @6 years, that’s most likely why.

They wrote the balance off and removed their credit file entry long before the 6 years was up.

boo_star

Deleted_User wrote: »

They wrote the balance off and removed their credit file entry long before the 6 years was up.

Which is likely to be a win. You won't get free money from them, if that's what you're expecting. At best you'll get the interest and fees back. You're still expected to pay back the capital.

[Deleted User]

boo_star wrote: »

Which is likely to be a win. You won't get free money from them, if that's what you're expecting. At best you'll get the interest and fees back. You're still expected to pay back the capital.

I can't remember how much I paid back but it was probably at least equal to the capital of the loan.

sourcrates

Oh, and Wonga are currently in administration, so although further complaints can be entertained, the criteria has been simplified, anyone who has already had any Loans written off, will be an automatic decline.