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Payday Loan Debt - Repaid Loans, Compensation?


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Hi,

 

A few years ago I regrettably took out a payday loan with Wonga. Unable to repay the full amount (after interest had been added) I ended up taking a loan out with Quickquid.

 

Things spiralled out of control until I literally had around 6-7 payday loans on the go at once.

 

It got so bad that I had to join a debt management company (Fresh Start). Now I'm reading that companies are having to pay customers back who have a loan currently with them. What about customers who took loans out with these companies when their affordability checks would have still been in disrepute?

 

I find it extremely unfair that I've had to find a way to pay these companies back and struggle for years, when really I shouldn't have been allowed to take these loans out, to then have it highlighted in the news that companies are paying people back!

 

Do I stand any chance in being paid compensation or do I just have to suck it up and move on?

 

Kind regards

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Hello and Welcome,

 

This link gives some idea of any redress due..................

 

https://www.wonga.com/help/historical-debt-collection-issue-redress

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I hope you've now dumped the fee paying DMC?

 

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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Hi and thanks for the link. I've emailed Wonga and am awaiting a response. I doubt I'll get anything but having entered a debt management plan and letting my payday loan situation spiral out of control I thought as though I might as well try...

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