Reply to: Wonga to pay £2.6m in compensation for 'unfair and misleading' practices

[barrydidit]

Will the police be involved? Sending letters to customers on non - existent law firms' stationery and charging an Admin fee for the letter...

Blackmail? Deception?

I'm almost certain a major bank I worked for used to do this. I had some dealings with their collections and recoveries people who sent out pseudo legal correspondence to try and encourage customers to cough up what they owed. I've no idea if a fee was charged for this service, or if there was some sleight of hand whereby the 'legal firm' the letters purported to be from was actually registered and a part of the banks legal department somehow. This was back in 2006 but even so, I don't think Wonga would be unique in taking this approach.

Edit - found a recent telegraph article about this. Here. I wasn't imagining it after all..

[vetran]

The story continues:

Wonga chair predicts drop in profits ahead of business review | News | Mortgage Strategy

[Martin@AS Financial]

The story continues:

Wonga chair predicts drop in profits ahead of business review | News | Mortgage Strategy

[speling bee]

Will be interesting to see if a fine of this size has an impact on Wonga.

It's worth knowing that for a lot of mortgage lenders, they will instantly decline an application if they see a pay day loan on the credit file even if it has been satisfied.



Wonga to pay £2.6m in compensation for 'unfair and misleading' debt collection practices

Will the police be involved? Sending letters to customers on non - existent law firms' stationery and charging an Admin fee for the letter...

Blackmail? Deception?

Wonga should be investigated by police over fake letters, Law Society says | Business | theguardian.com

[speling bee]

I'm all for supporting the unfortunate, its the skiving scum that I'm not keen on.

Driving people onto benefits by undercutting benefits using imported labour is a large part of the problem that is compounded by failing to 'police' the idle and make it uncomfortable for them.

You're not going to send PC on a placement at Poundland are you? He wouldn't last a morning.

[vetran]

Benefit porn seems to fall into two camps.

Those that show:
1. The people who pulled their finger out then they or the child got seriously ill/ stuck with a related child in their elder years, OR,
2. the idiots who sound dumb and are clearly dumb because they have parents who didn't give them life skills.

The former seems to be ignored by the general population even if the illness involved is cancer, the latter seems to excite the general population including the posters on CUK who should know better from their own life experience and/or current personal situation.

I'm all for supporting the unfortunate, its the skiving scum that I'm not keen on.

Driving people onto benefits by undercutting benefits using imported labour is a large part of the problem that is compounded by failing to 'police' the idle and make it uncomfortable for them.

[speling bee]

Benefit porn seems to fall into two camps.

Those that show:
1. The people who pulled their finger out then they or the child got seriously ill/ stuck with a related child in their elder years, OR,
2. the idiots who sound dumb and are clearly dumb because they have parents who didn't give them life skills.

The former seems to be ignored by the general population even if the illness involved is cancer, the latter seems to excite the general population including the posters on CUK who should know better from their own life experience and/or current personal situation.

The former isn't porn so isn't exciting.

[SueEllen]

unfortunately a lot more things are considered essential nowadays. When I was a kid cars weren't the necessity they are now. Much of our stuff came from auctions & jumble sales.

the benefit porn the other night had some young girl on the dole with a kid totting up her outgoings and well over hundred a month was on mobile phones and payday loans. She was upset having being late repeatedly for benefit appointments she was sanctioned and couldn't spend £80 on a new buggy.

Benefit porn seems to fall into two camps.

Those that show:
1. The people who pulled their finger out then they or the child got seriously ill/ stuck with a related child in their elder years, OR,
2. the idiots who sound dumb and are clearly dumb because they have parents who didn't give them life skills.

The former seems to be ignored by the general population even if the illness involved is cancer, the latter seems to excite the general population including the posters on CUK who should know better from their own life experience and/or current personal situation.

[vetran]

So your mother would use credit if she could afford to pay it back safely?

What would happen if someone in your mother's position was hit by an expense that they needed to pay but could not currently afford?

unfortunately a lot more things are considered essential nowadays. When I was a kid cars weren't the necessity they are now. Much of our stuff came from auctions & jumble sales.

the benefit porn the other night had some young girl on the dole with a kid totting up her outgoings and well over hundred a month was on mobile phones and payday loans. She was upset having being late repeatedly for benefit appointments she was sanctioned and couldn't spend £80 on a new buggy.

[MyUserName]

My mother never spent what she could not afford. Credit used to be called the never never for good reason.

So your mother would use credit if she could afford to pay it back safely?

What would happen if someone in your mother's position was hit by an expense that they needed to pay but could not currently afford?

[speling bee]

God - all this sh1t gets dragged up again? Its like the AGW thread.

Its best if you keep it simple so a cretin like you can understand.

I only object to the retrospection. I would be be better off in Zimbabwe.

Oh, one other thing. You really think this is a democracy?

Yes, yes, yes. We understand you care about your rights and how they're trampled over by retrospective legislation. But what about your responsibilities to pay taxes according to the law of the land as it stands now?

[BrilloPad]

If you were in the same position then you should already know that not everyone has savings and that is not always due to the mother spending it on fags, booze, mobile phones and sky and the father being feckless and fecking off.

Hence you should already know that there are people to whom door step lenders are a viable and important resource.

My mother never spent what she could not afford. Credit used to be called the never never for good reason.

Sadly it taught me not to put every penny I could borrow into housing - a huge mistake. I never realized how bad this country had become. And it wuill get alot worse before the day of reckoning.

[BrilloPad]

Like your responsibility to pay tax according to the will of the democratically elected Parliament? Or is that oversimplifying what may be a little bit more complex than you make out?

God - all this sh1t gets dragged up again? Its like the AGW thread.

Its best if you keep it simple so a cretin like you can understand.

I only object to the retrospection. I would be be better off in Zimbabwe.

Oh, one other thing. You really think this is a democracy?

[MyUserName]

So? My father died when I was 6. I ended up in the same position. Save your sob story for elsewhere. You think I like free school lunches or charity outings?

If you were in the same position then you should already know that not everyone has savings and that is not always due to the mother spending it on fags, booze, mobile phones and sky and the father being feckless and fecking off.

Hence you should already know that there are people to whom door step lenders are a viable and important resource.

[speling bee]

So? My father died when I was 6. I ended up in the same position. Save your sob story for elsewhere. You think I like free school lunches or charity outings?

It actually helped me alot. Soon as I looked old enough to get a part time job(I lied about my age) I was out there looking after myself. And despite taking a huge kicking from the family courts and HMRC I will continue to look after myself and my children.

All I hear on this thread is about peoples' rights. What happened to responsibilities?

Like your responsibility to pay tax according to the will of the democratically elected Parliament? Or is that oversimplifying what may be a little bit more complex than you make out?