Wonga - False information relating to doing wounders for credit

[RossW]

Hi All,

 

Would like to know if anybody has managed to take a case against wonga for the mis-advertisment that a loan with them will do wounder for your credit rating?

 

R

[renegadeimp]

What advert? Can you state exactly what was said. Also, when was this said?

[RossW]

Hi,

 

The message sent was

'Also remember that repaying your Wonga loan on time does wonders for your credit rating!'

 

These were sent between 22/01/2011 and the last copy I have is 28/02/2012

[renegadeimp]

Ahh. Then that was before the banks made the decision that it would have an adverse effect on your file.

[RossW]

Ahh. Then that was before the banks made the decision that it would have an adverse effect on your file.

 

Yes,

 

Has anybody actually succeeding in getting wonga Todo anything in relation to this,

 

Took two £50 loans in a 12month period to 'do wounders for my credit'. Always paid in full and early. Didn't need them but based on the information they gave.

 

Turned down for mortgage because of this, going to attempt to put a case together against them.

 

Thoughts ?

[renegadeimp]

Nope. They are obliged to report to the credit agencies a true and accurate record of your account. They have done. It was the banks decision a year later that caused the opposite effect. And banks can set whatever criteria they like for accepting or declining someone for credit.

[RossW]

I personally think they are in breach of the mis representaion act as well as responsible lending.

 

They also breach the consumer protection from unfair trading regulations section 5 s.5 (b) and s.5(q)

 

Have an appointment this afternoon with a local consumer solicitor. They simply can't be allowed to misrepresent / inform customers that there product would do something. When it doesn't

 

Now I have a few years un till these marks are taken off. I will use this time and explore all avenues.

[BRIGADIER2JCS]

At the time "payday " lending took off in the UK it is likely that the claim " do wonders for your credit rating" of other such claims it Is likely to have had some merit, however the growth of PD lending was enormous and other "lenders" saw the use of such facilities as a warning sign that individual was in "credit hunger", and started to reject applications where a PDL (s) appeared on credit files.