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Wonga now asking people to provide bank login details


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Wonga are now asking people to provide their online banking details under certain circumstances!!

 

There's an existing discussion on this subject on MSE here: http://forums.moneysavingexpert.com/showthread.php?t=4748807 - hope it's okay to post this link. Please remove if not and accept my apologies.

 

It was confirmed by Wonga and the MSE Forum Team here: http://forums.moneysavingexpert.com/showpost.php?p=62970450&postcount=66 (same thread as above).

 

I think this is highly irresponsible of Wonga and encourages really bad practices. I'm actually in disbelief that they're so stupid as to ask for online banking details.

 

Has anyone else heard about this?

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Get complaints going to the OFT. There are NO circumstances where you should provide online bank details

 

Edit: should have read it properly. This MUST go to the FCA and also the police.

Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

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They're apparently using this service:

 

http://www.decisionlogic.com/ServiceInfo.aspx

 

It says it's completely secure but, of course, there's no way of knowing. Any one of their employees could empty your account and presumably you'd have no recourse to the bank because you revealed your login details.

 

For one of the more respectable payday loan companies I find this dreadful behaviour...

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I wouldnt provide my bank login details to ANY company. They have no right or need to know or use it.

Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

:D

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I wouldnt provide my bank login details to ANY company. They have no right or need to know or use it.

 

Agree completely.

 

I wonder if they will login to people's banks to pay off their debts when people cancel CPA's as a way around it.

 

The shocking thing about this is if someone suffers genuine fraud, not from Wonga, they might not be able to get their money back if they admit giving their bank details out.

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Agree completely.

 

I wonder if they will login to people's banks to pay off their debts when people cancel CPA's as a way around it.

 

The shocking thing about this is if someone suffers genuine fraud, not from Wonga, they might not be able to get their money back if they admit giving their bank details out.

 

If they did that, then wonga would be closed down immediately and pretty much every employee arrested for fraud and theft.

Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

:D

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