Wonga - Is it unreasonable to ask them to consolidate their credit reference entries?

[ianandemma]

I'm not happy with the marketing Wonga have used saying credit files would benefit users if accounts were maintained.

 

My credit file from Equifax is clear but Experian has 14 loans over 12 months.

 

I believe there is no court in the country that could say other lenders would not view (using their computer system assessment) that this shows only a credit risk contradicting Wongas claim when compared with a similar credit card account.

 

Wonga continued to lure me into using their service with ongoing emails and advertising and I believed, as they said, I was boosting my credit score.

 

Now with a £10k deposit I cant get a mortgage on the £125k house even with the governement backed deposit scheme and the advisor says it definately too many loans over a small period of time. My capital one card has has similar activity and is not judged in the same way.

 

Is it unreasonable to ask them to consolidate their entries? I think this is the least they can do.

Edited November 22, 2013 by ianandemma

[maroondevo52]

 

Is it unreasonable to ask them to consolidate their entries?

 

Hi,

 

You could always write and ask them, how they'll respond I'm not sure.

I know someone with 13 Wonga loan entries on their file from 2011, they still have a 'Good' rating on Experian. I have always thought that with PayDay Loan entries on your file you are going to struggle to get any kind of credit or loan, now I'm not so sure.

 

I was looking for the thread on here where a cagger has been trying to get Wonga to remove there entries on his file, I've been unable to find it but will return when I do.

[ianandemma]

Waiting for the wrong a rep..........

[renegadeimp]

One thing you have to understand with PDL entries on a file. It doesnt matter how many you have and how old they are. A lot of financial institutions will decline you when they see any trace of a PDL loan. To them it shows that you were in a state of desperation.