We first took that loan with payday loan provider Wonga whenever I is at college to connect a money space between my finals and starting my graduate trainee place.
That resulted in a absurd spiral of 50 loans in 48 months, between 2013 and 2017. We raised an affordability problem and Wonga offered me personally a complete reimbursement on a couple of of loans totalling ВЈ4,000 and reduction from my personal credit record.
We rejected the offer it went far enough and took the case to the Financial Ombudsman Service because I didn’t think.
Once we all know, Wonga went into liquidation and i have a lot more of less kissed goodbye to virtually any hope of a refund that is full of paydayloanscalifornia.org review interest.
The now defunct Wonga ended up being notoriously recognized for levying rates of interest in more than 5,000 % prior to the city watchdog introduced measures to curtail this practice