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News story: Mis-sold WageDay customers to get back less than 6% of claim

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News story: Mis-sold WageDay customers to get back less than 6% of claim

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MSE_Laura_FMSE_Laura_F MSE Staff
45 posts
10 Posts First Anniversary I've been Money Tipped! Newshound!
MSE Staff

Our news story is live:
Mis-sold WageDay Advance payday loan customers will get back less than 6% of compensation claims

https://www.moneysavingexpert.com/news/2020/05/wageday-advance-customers-mis-sold-payday-loans-will-receive-les/

Replies

  • JsackerJsacker Forumite
    232 posts
    100 Posts Name Dropper
    ✭✭
    Yea, I woke up this morning to a £5.60 bank credit from "CURO" in my account (I must have been owed around £100). Quick google search revealed that it was WageDay Advance, but I have only just seen this post which further cements it!
  • keepcalmandstayoutofdebtkeepcalmandstayoutofdebt Forumite
    4.3K posts
    Eighth Anniversary 1,000 Posts Photogenic
    ✭✭✭✭
    And what will you be doing for people trapped in payday down plans eh, oh don't tell me.
    £200 paid 8 days ahead of when paid (£50 paid more then I needed to)
    3 weeks ago the balance was £3,555.57
    statement raised with interest
    |£3,665.07
    so I'm glad your payday loan crusade must have solved everything






  • MinuteNoodlesMinuteNoodles Forumite
    265 posts
    100 Posts Name Dropper
    ✭✭
    And what will you be doing for people trapped in payday down plans eh, oh don't tell me.
    £200 paid 8 days ahead of when paid (£50 paid more then I needed to)
    3 weeks ago the balance was £3,555.57
    statement raised with interest
    |£3,665.07
    so I'm glad your payday loan crusade must have solved everything
    Your fault for being stupid enough to take one out in the first place. Don't blame others for your stupidity. 
  • John_John_ Forumite
    573 posts
    500 Posts Name Dropper
    ✭✭
    And what will you be doing for people trapped in payday down plans eh, oh don't tell me.
    £200 paid 8 days ahead of when paid (£50 paid more then I needed to)
    3 weeks ago the balance was £3,555.57
    statement raised with interest
    |£3,665.07
    so I'm glad your payday loan crusade must have solved everything

    It’s not clear what you are saying here, your loan seems a bit jumbled.
    Are you saying that you took out a payday loan without having the means to pay it back? If so, you have my sympathies, but I hope that you take the right lesson from this,which is that kicking the can down the road, while making a small problem into a bigger one is never a good idea.
    This ability to forego pleasure now for pleasure later, or conversely to take small pain now instead of more pain later can be learned, and is one of the best indicators of future success. Please try to void getting into this situation again.
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