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

in Loans
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MSE_Laura_FMSE_Laura_F Community Admin
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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

  • [Deleted User][Deleted User]
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    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
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    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
    925 Posts
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    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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