Wonga writing off debts - can you claimback what you have already paid if they do?

[wilko011178]

It shouldnt be a lottery as to whether you benefitted a little or lot depending on the dates involved.

 

I feel like im moaning a lot now lol

 

Just when you think it through logically its so unfair

 

at least with the ppi scandal it was a lot more straightforward and black and white

[the tinkerman]

The FCA need to clarify if this rule applies regardless of whether you still owe money or not and if not why not as what is the difference apart from them having to pay out extra millions.

 

Be interesting to find out the FCA take on why someone can get say £500 written off because they should have not been lent the money in the first place, yet someone who has paid their debt off in full cannot get any redress when they to should have not been lent the money in the first place.

[the tinkerman]

That was a point I raised wilko, their will be plenty of people out their who have only just stated on a repayment plan who will get the whole lot written off I know of one person who has just had £900 written off and good luck to him but this ruling should apply across the board, make no bones about it.

 

And your not moaning wilko you have a valid point as do allot of other people

[wilko011178]

Im just seeing things in very simple terms

 

they made a profit out of me on at least the one occasion... 100% sure more than once but thats another kettle of fish... so on this one occasion (the active loan) i shouldnt just get £105 wiped off I should get REPAID the interest ive paid so far that i shouldnt have been charged on the loan that they themselves admit shouldnt have been granted

[the tinkerman]

I am in total agreement with you to me in laymen's terms if people are getting the whole of their loan written off and mark my word their will be those people, then you should get the WHOLE lot back to, let alone just the interest.

[wilko011178]

That would be just short of £900 for me. I can clearly see why their trying to sweep the whole matter under the carpet.

 

Just hope it all kicks off and they are forced to relook into the whole mess!

[the tinkerman]

Least Dick Turpin used to wear a mask when he robbed people:lol:

[Unicornsrus]

I've just finished 15months of hell paying back 2 payday loans,

one with wonga 3 days before the decision was made and

I'm furious that because I've struggled to pay it off

and I don't get any interest or fees back.

 

 

I know other people aren't getting money back as such but it's getting wiped therefore they are gaining.

 

 

I'm writing to wonga today underlining all the reasons why I would never have gotten a loan

under the new lending criteria, then I'm taking it to the fos.

 

 

I've had some interesting reading on there website of people in my situation

who have had all there interest and charges back due to the affordability.

 

 

Also why are wonga the only company to be doing this,

cause I can say that quickquid are much worse than wonga and there will be many more

but they they don't seem to be being held to account.

[Nao]

Also why are wonga the only company to be doing this,

cause I can say that quickquid are much worse than wonga and there will be many more

but they they don't seem to be being held to account.

 

I bet its because consumer debt is a lit powderkeg over society. On average we owe around 170% of disposable income.

 

If they started applying the same measures to other PDLs it would only be a question of time until it would be expanded to log book loans, store cards, catalogue accounts, current account overdrafts, mortgages and so on which would be dousing the lit powder keg in petrol from an economic point of view.

 

That said, I personally believe all companies should be given the same treatment by the FCA as Wonga, even if it leads to a brutal shock in the economy.

[graham1973]

Having just taken a look at the FOS site I think Wonga is going to have a lot of problems.

 

 

The fact that they have been found to have lent money to people that they shouldn't have is just the start of it.

 

 

I have asked for a statement showing my balance as it stood when I went into my dmp and also the balance at the point when they wiped the debt.

 

 

Time to start a fight

[graham1973]

Its been a little while but I got £1200 back from Wonga.

[James31]

It's taken almost a year (see my post from October on page 1) but the FOS have upheld my complaint against QuickQuid. They are to repay all interest for 76 out of 79 loans, plus simple interest at 8%, plus £350 compensation. It's a huge five figure sum. FOS agreed that QuickQuid's checks were inadequate and that the loans were unaffordable. I can't dance just yet because despite FOS making their final decision 29 days ago, QQ are yet to contact me and are back to ignoring all correspondence from me.

 

I will do the same with Wonga now I think!

[graham1973]

I think I will go after QQ now.

 

 

Having just spent the last 3 1/2 years clearing my debts I think I deserve a holiday