Wonga

Company Name: Quickbridge Ltd
Site Description: Low interest cash loans with Wonga, fast and easy UK loans(as on the lender website).
Website: wonga.com

Wonga payday loans Features

Maximum loan amount: £1000
First loan amount: £400
Typical APR: 2689%
Finance charges: 1% per day

Wonga payday loans Eligibility

Must have a valid bank account that can receive direct debit
Must be at least 18 years of age
Must be employed; freelancers and consultants are also considered
Must be a resident of the United Kingdom

Our Review

Wonga is probably one of the most talked about payday lenders in the UK. They have a significant online presence and a refreshing website. Their business model is also different from the rest of the lenders wherein they charge £1 fee a day. This depending on your needs may be expensive or cheap. They are totally online and claim to deposit money in your account anytime during the day or on weekends. They also guarantee transfer of loan within 15 minutes!!

To know more about this lender do a quick search in the consumer forums of UK and hear what people have to say about it.

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42 comments

Went through their website.. everything seems genuine and they seem like a legitimate payday loans company. Why does Google prompt 'Wonga Scam' while searching for Wonga?

I have been known to make a bad mistake once in a while, so I was very skeptical taking out this loan. But at the end of the day, the only people who are slagging off the site are probably the people with thousands sat in there banks, living the high life. I'm a student, and needed 100 quid, I got the money this morning paid my landlord and when my loan comes in, in a few days, I will repay early. I mean come on, some guy (loan shark or not) has just lent me 100 quid, no real questions asked and I'm supposed to be pissed off he's charged me 7 quid for it. I say fair play, as long as you are not a complete idiot, pay back when you say you will and don't borrow more then you can afford to pay, then its a good idea.

I also think it's a fair point someone commented on some people on here making ridiculous excuses, they were making ridiculous excuses, if you don't pay them when you can (unforeseen circumstances or not) prepare to be stung, you took that chance.

All I can say is I'm very happy with the service, won't use it loads cause it is silly APR at the end of the day, but it only looks so high cause it's designed to be a short term loan.

Excuse me while i light my..

Peace

I am confused- I was supposed to pay back wonga £365 on the 17th, I had about £900 in my bank account and the money wasn't taken out. I have checked my bank account and they haven't taken it and I have checked my wonga account and according to that I don't owe anything and I can get another plus. I haven't received any texts or e-mails off them. I have used wonga at least 5 times and haven't had any problems before now and I don't know what to do other than e-mail them or phone but after reading some of these comments, I don't know if that is gonna help. I have to pay 200 pound for an xbox on 22nd but was gonna get a little loan off wonga to do that as I need my money in my bank for other direct debits. Someone help plz..

here's a new one...i think!!! borrowed £100 off wonga they were due to take £122 back and on the 16th day the funds were in my account and they sent me an email saying contact us as funds were not in my account...phoned them and they said they asked for the payment at 5 o clock that morning when i checked on me way to work at 6 the money was still in my account then they said sorry we asked for payment at 7 no they didn't...got a print out from the bank and they'd asked for the money first at midday for £64, then at 12.36 in the amount of £33 then again at 13.07 for the amount of £11.06 and charged me £7.50 for not full payment 3 times its a total scam..please don't borrow off these urchins praying on people on low income wages..

I got a £150 pay day loan from Wonga. Then as things happen I couldn't pay the loan back. The payment then jumped to £280 and as it was my fault. I e-mailed them 3 times asking if i could pay 4 X £70 payments to clear the debt. I received no reply and a few months have gone by in the past few weeks I am constantly received text messages through my work phone saying I owe £490.

Anybody using Pay Day loan companies are idiots. Internet companies such as 'Wonga.com' advertise heavily on the TV. The question to be asked - Who owns them, and are they properly registered with the FSA, or its replacement.

If a company is harassing people for payment, then this in itself is illegal. If you are not satisfied with them, report them to the local Council's Trading standards with as much evidence as possible.

Tell them that you will put the matter in the hands of the local Police Fraud office.

I've used them twice now. 1st time I had a bit of bad luck and could not pay back full amount on the agreed date. I phoned them got straight through and set up a payment plan with them, that plan was completed, and I have borrowed from them a second time (all be it a smaller amount) no problem. Everyone has hard times and falls short, Wonga have helped me out. But be sensible or you will dig yourself a very stressful hole.

I phoned Wonga today because I Know I will not be able to pay my loan due in a few days, I was told by this woman that I would be hit with a £8 a day interest fee until the loan is cleared and would not set up any payment plan with myself. Even their own T&C say that they continue to charge interest for 60 days until the debt is cleared in full and would not discuss any further and said the debt would run into £1000's of pounds. I am going to see if can get a loan off Mum and Dad and repay in full.

hello all.

regarding wonga, i really need some help at the moment as THEY HAVE TOOK £77.29 (in two payments) OUT OF MY ACCOUNT TWICE.

i registered at the back end of may and have used them 4 times since - just for 2 x £20 loans and 2 x £40 loans.

one thing i noticed when they took the repayment out of my bank account for the first (£20) loan I took was that it didn't show up on my online bank statement straight away and took a few days to. i wasn't too concerned at first but now believe it's deliberate for more sinister reasons, i.e, to rip you off.

the first 3 times i loaned money (1 x £20 loan, 2 x £40 loan) they took the money out of my account on the agreed date and i received the confirmation text and email from them to say so and checked my account and the money had definitely left my account.

however, in the case of 1 x £20 loan (paying back £25.75) and 1 x £40 (paying back £51.54), on the day these repayments appeared on my statement (a week later for the £51.54 payment) THEY TOOK THIS MONEY OUT OF MY ACCOUNT AGAIN! even though i had already paid it on the agreed date. i knew exactly what was in my account and that amount (£77.29 total) was missing and only wonga could have took it.

i called them up as soon as i realised expecting them to say it was a mistake and that i'd be refunded and couldn't believe it when they said they had nothing at their side to say they had took the money out twice.

i contacted my bank and they said that wonga had took the money out but said they couldn't have took it out before because it didn't show up on my statement, BUT I KNOW THEY DID TAKE IT OUT! how can i prove this? how the hell can they just take the money out again in the first place?!

thing is, i was due to pay back the last loan i had with them (£45.50 total) just yesterday and part of the money i had in my account was to repay it, but as wonga has took that money out of my account again it meant i didn't have enough money in there to pay them and now owe them an extra £15, even though it was their mistake.

i'd never used anything like this before so this is all new to me. i really don't know what to do or how i can prove they took the money out of my account twice so would really appreciate any help and advice here.

thanks in advance.

Wonga.com - I applied for the full amount, got accepted, got the money in my bank account 10 mins later, they took the payment when they said they would, i got what i wanted. Does anyone really want any more from this kind of service? I think they're great!

Anyone who even so much as contemplates using this type of loan company frankly deserves what they get. It does what it says on the tin which is rip you off. The APR is clear enough on the Homepage at 2689% (TWO THOUSAND SIX HUNDRED AND EIGHTY NINE PERCENT)!!! Banks are currently been criticised for charging up to 20% and are threatened with legislation from the Government who consider 20% to be immoral and outrageous. Question - Can you seriously expect this kind of company to have a helpful approach and admit they may have made a mistake when you complain about being incorrectly billed or not sticking to an agreed payment date??? Furthermore I`ll wager that in the event that you can`t pay them back you will have some very forceful and unfriendly people knocking on your door. In summary there are only 2 words for this kind of company, "unscrupulous" and "extortionate" who prey on desperate people who don`t realise what they are getting into.

Hi Mark

You clearly haven't read into this properly and are just jumping on the bandwagon of hype going around about interest rates. The sort of loans they offer are short-term loans which work in a different way to a traditional bank loan. It's meant to be a short term loan - just to bridge a gap until payday.

E.g. you borrow £100 for 5 days to make a payment off your credit card - it'll cost you £10.70 in fees and interest. If you don't make the payment to your credit card company on time, then it may cost you a £12 charge (possibly more!) PLUS a black mark on your credit report. I know which I'd rather!

For wonga to authorise payment, you have to have at least 1 pound in your bank. I have never had any problems with them. By far the best pay day advance company.

Took a loan for £500, lost job, tried to call to inform them and to offer a payment plan, which was declined. Was then sent letters from a solicitors office that does not exist after I tried to find on Google.
Could never get through to Wonga-sent numerous emails offering to settle but monthly-no response.
Then received more mail stating within 2 months the £500 was now £2700.
I was harassed on Facebook, threatened with door step heavies and was made to feel like i was worthless.
People can loose their jobs,god dam it there's a recession! I understand that a debt is a debt-but how on earth the government has not stepped in to stop these kind of companies trading is beyond belief.
They trap people,who in turn end up taking another loan,then another.
The payday loans system is so bad now that some people have 4 payday loans running at the same time and when a payday loan company states it does not do a credit check-this is untrue they all link together to check how many payday loans you have!
If desperate, ask family or friends-don't get trapped like thousands of people during this current climate. It all ends in tears.

How can £500 become 2700 after two months? Do they add some sort of solicitor fee?

Since they refused your payment plan offer, what kind of offer did you make them - to delete some of your debt?

So they don't create anything in your credit record once you apply? Instead they check other payday lenders.

I have used them and out of the payday/short terms loan people out there I have found them the best. When you apply you see how much you will be paying back and when, simple. Used them last year and was 1 of the 50 to receive the loan interest free, well worth it. It's simple maths using the bars to work out when and how much will be paid!!!

You will generally find most of the bad reviews state things like 'through no fault of my own, all the money in the bank burst into flames and I couldn't make the payment - despite this the nasty man on the phone at wonga said that he didn't care that i have a crack addiction and that money shouldn't be regarded as 'free' by people like me - this company is a scam!'....if you are a competent human being with a grasp of reality and don't think 'everyone is out to make your life difficult' then give them a try - I have managed to get a small payday loan from them before now with no trouble. ok to be fair instead of taking the money out they paid it in twice but they soon realised their mistake...

I think that's a tad unfair. You have no idea what financial difficulties people can run into to make that kind of judgement.

People can get made redundant - are you saying that's their own fault?

Don't make sweeping statements about people when you know nothing about their circumstances.

Frankly your as transparent as a pane of glass. You so obviously work for either Wonga or a similar merchant company and your just trying to justify the unscrupulous way you earn a living. Even the boneheads who are foolish enough to use Wonga can see through your pathetic comments.

I borrowed some money from them over a period of time and always paid back on time. The last occasion I borrowed from them, there was a problem with my bank account (through no fault of mine) and they were unable to collect all of their money in one go. When I realised this, I made payment separately - one day later than my due payment date and bear in mind that they had already collected most of it. They then proceeded to take more money out of my account (at least £200) over what I owed them. I wrote to them on various occasions asking for my money back. They refused to respond. I asked for a manager's name and they refused to respond. To date, despite many messages asking them to look into what happened to me, they will not respond, yet, I get messages telling me how great a company they are. THEY ARE NOT. Do not be fooled by these bunch of vultures. They can make mistakes, but woe betide you do.

WONGA are totally incompetent and not fit for purpose. Decline you for pathetic reasons, tell you to re-apply then decline you because of an existing application! They never return e-mails and you can never get hold of anyone by phone. There are some excellent firms out there who don't fob you off with a load of old "wonga".

Sounds like a case of pot calling kettle black if your management of your own finances have led you to borrowing small amounts of money from internet loan sharks.

But how can this company be scam if they are even advertising on television?
That’s the reason I applied today with them. I thought they should definitely be safe because they are on TV advert.

They seem to be a genuine company with some good reviews on the Internet. They have been referenced by many top newspapers of UK as well.

i use wonga and would recomend it to people who need a quick cash advance im 18yo and couldnt get a payday loan any where but i heard of wonga from a freind and it was perfect i couldnt get more that £300 tho but thats not the point i got a £200 loan and it was in my bank in 15 mins iv never had a problem repaying my loans but for thos who cant pay their loan on time and need to extend there loan just select extend my loan when you log in. just so you know i know i cant spell .
anywho i would realy reccomend wonga to anyone who needs fast cash aprox 15 mins and come on your not going to find that anywhere else are you.

made application last friday,they requested bank statements which i sent,on wednesday it was finally approved But they were charging from the friday and not wednesday (they charge by number of days) when i queried this they never replied and when i sign into my account the loan has expired and i had to redo and they again requested bank statements joke of a company imho

i took out a payday loan and managed to pay it successful the 2nd time i took one out i emailed to inform them i didnt have any money in my account and could they take payment following week all this they ignored then they began to take money from my account with no warning...i paid them over £300 in money they just decided and ignored all corrospondence from me with regards to asking them not to and explaining my situation i eneded up paying them more than the loan i took out in charges plus they still want the original loan amount back off me like the payments that they have taken were nothing...surely this practice cant be legal..can anyone help and if anyone does take a loan out from wonga and cannot afford to make payment cancel your card or else they will just decide to take money when they feel like

i have never had a problem with wonga ive used them about 8 times without trouble and if you think you cant pay on time then you should not be getting a loan out in the first place i would recomend them all the time. they did decline me once but rung up and was sorted instantly

I just want to say, i have used these when i have been absoloutly desperate for some cash to get me by for a few days (i.e for food and electric), when ive had no other option and had no probs at all.

To all you who posted above, who obviously have been using it as a constant source of readyily available money, i suggest you need to look at how you manage your money better, so you are not constantly in need to borrow off them.

Why do some of you say you couldnt pay the loan back because they wouldnt answer phone/emails? You just log into your account and pay if via your account page, theres no need to actually contact any of them at all to pay your loan back.

If you only use this service every now and again, when you are left with no other alternative and your need for the money is absoloutly essential AND YOU KNOW YOU CAN PAY BACK WHAT YOU OWE ON THE DATE YOU AGREE TO, then i fully recommend them.

After reading all these not-so-great comments, I thought I'd just chip in to say that I've not had any problems with Wonga. I use them occassionally, I pay on time and I've never had any issues.

Wonga.com are, like all other payday loan lenders legalised loan sharks. To the people above who got declined – good – they did you a favour. Companies like this trap desperate vulnerable people into a never-ending cycle of high interest borrowing. I have just got myself out of the payday loan trap but it took help from a very good friend and nearly 2 years. It cost hundreds and hundreds of pounds in interest. Seriously stay away from them! I made a website warning people of the dangers with advice on setting up a repayment plan and alternatives to payday loans http://paydayloantrap.synthasite.com/

Same problem as many others starting using them found them great and reliable when i needed them then the month i needed them most kept getting declined!Had lots of different excuses why but did learn off one of there live chat guys the laws have changed and you cant have more than so many loan in a year from them but wouldnt state how many

I took out a loan with them and could not pay it back on time - my fault fair enough however I tried numerous times to call them, I emailed them and I wrote to them recorded delivery - they never responded at all to my proposals of repayment. Then I received letters from a Solicitor who does not even exist!!! I checked and there was no such company and the phone number on the letter just takes you through to Wonga!!! I wrote again telling them I was onto their scam and again months went by with no reply... I have since received another letter from a different company who again don't answer their calls or respond to any letters I send. I am still trying to repay my loan to Wonga and for some reason they don't seem interested in actually answering me and just keep sending stupid letters threatening to take me to Court - perhaps if they ever answered me they'sd have had their money back by now!

here,here... 2 weeks before my payment was due my debt card was stolen. i cancelled the card and tried to inform wonga about this...sent letters emails but no response....after the due date i got a letter from wonga, demanding payment and i also had a 100pound charge added..wrote back several times and no answer all i keep getting are these pc automated letters.. i see their plan..ignore me but keep upin' the debt. not a chance i have all comms recorded and their gettint the agreed payment and thats all, if they want anymore take me to court! the case wouldnt even last 2minutes.

I stupidly took out a loan with these people who, on the date my loan was due to be repaid, took more from my bank account than was agreed causing me to go overdrawn (I have since sought legal advice and this is fraud, I currently have a compaint regarding them with the financial ombudsman). This company prey on people desperate for cash and then plunge them into further debt. Please don't make the mistake I did and avoid them like the plague.

This company were really good when I first used them. Applied online money was in my account within the hour. Had a couple of loans with them, all paid back on time no problem, not one missed payment. They even said in one of their emails I was now a highly valued customer as I had proven I could make my repayments etc etc. Then (as someone else said also), I applied one day again and they just declined me?
I contacted them to ask them why as I had built up a good account with them and was told that "my debit card details didn't match the bank details they had on their system for me". I asked what on earth they were on about because my bank account hadn't changed and neither had my card and I'd had all my other loans accepted. Any attempt I made to use the site since results in just refreshing to the home page whenever i apply.
Highly highly frustrating, especially when I held such a good account with them. Dont understand why they would be willing to lose good custom??!

WHEN I FIRST USED WONGA THEY WERE GREAT PAID UP ALL MY LOANS ON TIME NOT ONE MISSED PAYMENT THEN OUT OF THE BLUE APPLIED WOULD NOT AUTHORIZE NO REASON GIVEN THEY STILL EMAIL OFFERING ME TO APPLY AND STILL REFUSE. RUBBISH COMPANY

I had the exact same problem with this company. Their excuse to me was that "my debit card didnt match my bank details". I would love to know how this is possible given the fact I used the same bank and card details with every loan I took out with them previously.

They are a crap company, everytime they send u emails stating, u can apply for one of their loans. Each time u apply u get turned down. now their excuse is my date of birth does not match with what the credit bureau have. I phoned them up to query this, they stated that i needed to fax over some id, i told them that i had my passport but it was still in my maiden name and that i would send in a copy of my marriage certificate with it. She told me they would not except this and started going on about something irrelevant to what i asked about.

Do NOT touch these with a barge pole ! I was unable to repay my loan in full due to a change in circumstances last month. They do not respond to emails and you can not get through to their office by telephone. Despite this they keep emailing you and saying that they have misjudged you and imply you have let them down etc. etc. I explained I could not afford to repay the full amount but was able to negotiate a lower amonut. They ignored this and started to siphon the money out of my bank account in dribs and drabs but have already taken an extra £180 that i can ill afford. I cancelled my debit card with my bank just to stop them !!! Their draconian tactics are unjust and I am considering whether what they have done is legal and above board?

I had this exact problem they keep taking £10 out of my account like 1-2 times a day until i phoned them and they knocked like 200 off the interest but im still paying more than what i said because they took the money out without asking

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Wonga

Wonga payday loans Features

Wonga payday loans Eligibility

Our Review

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