Help & FAQs    Search BCF    Members    Groups    Events Calendar
Resend my activation email : Register : Log in 
BCF: Bike Chat Forums


The WONGA scum.

 Reply to topic
Bike Chat Forums Index -> Politics & Current Affairs Goto page 1, 2  Next
View previous topic : View next topic  
Author Message

Hetzer
Super Spammer



Joined: 19 Feb 2007
Karma :
PostPosted: 09:55 - 25 Jun 2014    Post subject: The WONGA scum. Reply with quote
Fined £2.6 million. For being lying fraudulent scum. Sending letters to people who were behind in their payments, falsely claiming to be from a law practice, and adding a charge for said letter. 45,000 of them. No "mistake" or "accident", deliberate fraud on a massive scale. And this company of vermin advertises on national TV. How about prosecuting the CEO?

I would enjoy hearing the top ten CEOs from WONGA had been tied by their ankles to the back of a car doing 20mph around the M25 for an entire lap.

Utter...fucking...scum.
____________________
"There's the horizon! Ride hard, ride fast and cut down all who stand in your way!"
 Back to top
View user's profile Send private message You must be logged in to rate posts

Itchy
Super Spammer



Joined: 07 Apr 2005
Karma :
PostPosted: 10:21 - 25 Jun 2014    Post subject: Reply with quote
OT : I don't get British regulators, in that they made about 60 million profits. So while 2.6 million as a headline figure sounds huge it really isn't.

Yet are fined 2.6million, oh yeah that's going to teach them isn't it? Hell if it only cost 2.6million to act illegally it is encouragement to act illegally in the future.

I reckon it should be percentage based like HMRC letters to citizens are, no penalty if it is a genuine oversight. 25% for major errors. 50-200% penalty for actual fraud.
____________________
Spain 2008France 2007Big one 2009 We all die. The goal isn't to live forever, the goal is to create something that will. In the end, your life will flash before your eyes. Make sure it is worth watching.
 Back to top
View user's profile Send private message Send e-mail You must be logged in to rate posts

Rigga
World Chat Champion



Joined: 29 Nov 2012
Karma :
PostPosted: 10:22 - 25 Jun 2014    Post subject: Reply with quote
Cleanse the lot of them,they deserve it for their radio and tv ads alone.
____________________
Current bike: Honda CBR 1100xx
 Back to top
View user's profile Send private message You must be logged in to rate posts

Ste
Not Work Safe



Joined: 01 Sep 2002
Karma :
PostPosted: 10:59 - 25 Jun 2014    Post subject: Reply with quote
Quote:
I'd stab or shoot somebody given the right reason.

G'wan... Pass the popcorn

And the £2.6 million fine is all well and good apart from it'll go to whatever government coffers rather than back to the 45,000 people who received the letters or the tens of thousands of Wonga customer's who've been ripped off.
 Back to top
View user's profile Send private message Visit poster's website You must be logged in to rate posts

Itchy
Super Spammer



Joined: 07 Apr 2005
Karma :
PostPosted: 11:01 - 25 Jun 2014    Post subject: Reply with quote
Ste wrote:


And the £2.6 million fine is all well and good apart from it'll go to whatever government coffers rather than back to the 45,000 people who received the letters or the tens of thousands of Wonga customer's who've been ripped off.



When you state it in those terms it kind of sounds almost like brown envelope money, y'know rather than an actual penalty.
____________________
Spain 2008France 2007Big one 2009 We all die. The goal isn't to live forever, the goal is to create something that will. In the end, your life will flash before your eyes. Make sure it is worth watching.
 Back to top
View user's profile Send private message Send e-mail You must be logged in to rate posts

Musketeer
World Chat Champion



Joined: 27 Jun 2011
Karma :
PostPosted: 11:14 - 25 Jun 2014    Post subject: Reply with quote
I think Wonga and alike should be banned. People who cannot repay loans shouldn't be getting them.
____________________
Current Bike: Yamaha XSR900 Previous bikes: Honda CBR1000RR Fireblade, Kawasaki ZX-6R Ninja, Aprilia RS125 2-stroke
 Back to top
View user's profile Send private message You must be logged in to rate posts

gbrand42
Could Be A Chat Bot



Joined: 23 Jul 2013
Karma :
PostPosted: 11:22 - 25 Jun 2014    Post subject: Reply with quote
I still thnk the 2 old dear puppets in the advert lez it up for the old bloke puppet when they are not busy filming adverts............it's not just me is it?
____________________
Yamaha RD50M, Honda C90, Yamaha RS100, Yamaha RD125LC, Honda XL125 V9 Varadero, Honda NT700VA, Honda VFR800X, Honda CRF1000L, Honda ST1300 Pan European
 Back to top
View user's profile Send private message You must be logged in to rate posts

ScaredyCat
World Chat Champion



Joined: 19 May 2012
Karma :
PostPosted: 11:22 - 25 Jun 2014    Post subject: Reply with quote
Ste wrote:

And the £2.6 million fine is all well and good apart from it'll go to whatever government coffers rather than back to the 45,000 people who received the letters or the tens of thousands of Wonga customer's who've been ripped off.



The money isn't going to the government it's going to Wonga's affected customers. https://www.fca.org.uk/news/wonga-redress-unfair-debt-collection-practices

Quote:
Wonga must identify and pay redress to all affected customers. While some customers will receive cash, others will likely have their outstanding balance reduced.

____________________
Honda CBF125 ➝ NC700X
Honda CBF125 ↳ Speed Triple
 Back to top
View user's profile Send private message You must be logged in to rate posts

map
Mr Calendar



Joined: 14 Jun 2004
Karma :
PostPosted: 11:27 - 25 Jun 2014    Post subject: Reply with quote
Rigga wrote:
Cleanse the lot of them,they deserve it for their radio and tv ads alone.

A plan would be to put pressure on the TV and radio people who take WONGA money. Ask them if they really want to be associated with this type of firm that acts illegally.

I suspect the answer will be "...but they pay us". Which should tell you all you need to know.
____________________
...and the whirlwind is in the thorn trees, it's hard for thee to kick against the pricks...
Gibbs, what did Duckie look like when he was younger? Very Happy
 Back to top
View user's profile Send private message Send e-mail Visit poster's website You must be logged in to rate posts
- This post is not being displayed because the poster has bad karma. Unhide this post / all posts.

Hetzer
Super Spammer



Joined: 19 Feb 2007
Karma :
PostPosted: 14:01 - 25 Jun 2014    Post subject: Reply with quote
According to the FSA bloke it's up to the police to decide if prosecutions should be brought for what are clearly criminal offences.

I guess we'll not hold our breath then.
____________________
"There's the horizon! Ride hard, ride fast and cut down all who stand in your way!"
 Back to top
View user's profile Send private message You must be logged in to rate posts

J4mes
World Chat Champion



Joined: 18 Mar 2011
Karma :
PostPosted: 14:35 - 25 Jun 2014    Post subject: Reply with quote
mJZ wrote:
I think Wonga and alike should be banned. People who cannot repay loans shouldn't be getting them.


But when you can't pay wonga, you end up in court. When you can't pay your local loan shark, you end up with broken fingers and a raped missus.

Confused

Poor people are always going to borrow money they can't afford to pay back.

I did it as an apprentice, stuck loads of crap on a credit card which I then couldn't afford to pay (about £3k)

I ended up working at KFC from 17:00 to 02:00 and going to college from 07:30 to 16:00 and I did this 4 nights a week for 4 months.

Taught me a valuable lesson - dont borrow money for shit you don't need and definitely don't borrow money you can't afford to pay back!
 Back to top
View user's profile Send private message You must be logged in to rate posts

Hetzer
Super Spammer



Joined: 19 Feb 2007
Karma :
PostPosted: 16:15 - 25 Jun 2014    Post subject: Reply with quote
J4mes wrote:


Taught me a valuable lesson - dont borrow money for shit you don't need and definitely don't borrow money you can't afford to pay back!


Unless you don't have to pay it back.
____________________
"There's the horizon! Ride hard, ride fast and cut down all who stand in your way!"
 Back to top
View user's profile Send private message You must be logged in to rate posts

Itchy
Super Spammer



Joined: 07 Apr 2005
Karma :
PostPosted: 16:17 - 25 Jun 2014    Post subject: Reply with quote
Hetzer wrote:

Unless you don't have to pay it back.


Wot you mean like the banks?
____________________
Spain 2008France 2007Big one 2009 We all die. The goal isn't to live forever, the goal is to create something that will. In the end, your life will flash before your eyes. Make sure it is worth watching.
 Back to top
View user's profile Send private message Send e-mail You must be logged in to rate posts

Hetzer
Super Spammer



Joined: 19 Feb 2007
Karma :
PostPosted: 16:19 - 25 Jun 2014    Post subject: Reply with quote
Itchy wrote:
Hetzer wrote:

Unless you don't have to pay it back.


Wot you mean like the banks?


Aye. But giving them a taste of the same.
____________________
"There's the horizon! Ride hard, ride fast and cut down all who stand in your way!"
 Back to top
View user's profile Send private message You must be logged in to rate posts

GhostRider
World Chat Champion



Joined: 31 Jan 2008
Karma :
PostPosted: 16:26 - 25 Jun 2014    Post subject: Reply with quote
....I'm listening.

GhostRider
____________________
I have all the characteristics of a human being: blood, flesh, skin, hair; but not a single, clear, identifiable emotion, except for greed and disgust. Something horrible is happening inside of me and I don't know why. My nightly bloodlust has overflown into my days. I feel lethal, on the verge of frenzy. I think my mask of sanity is about to slip.
 Back to top
View user's profile Send private message You must be logged in to rate posts

bEN_
World Chat Champion



Joined: 17 Dec 2005
Karma :
PostPosted: 16:42 - 25 Jun 2014    Post subject: Reply with quote
There's so many of them now it's unreal, i think most adverts now are either some dating site or a quick fix loan advert with strange puppets appearing like trust worthy safe old folk ( although i have to say the old man always looks like he's gurning to fuck ) or it's a singing satsuma or some shit.

i guess apart from that, the key words that hook the bingo playing single teenage mums are words like "you choose, you control, when YOU want to pay back blah blah"
____________________
2010 Ducati 848 Dark

Lamp Post Enthusiast
 Back to top
View user's profile Send private message You must be logged in to rate posts

angryjonny
World Chat Champion



Joined: 01 Sep 2006
Karma :
PostPosted: 16:45 - 25 Jun 2014    Post subject: Reply with quote
Someone whistling along to a ukelele is ad-speak for "everything's going to be ok" - companies who want to rip you off use it a lot. Extended warranties, loan sharks, low-rent insurance companies, cash for your gold etc etc.
 Back to top
View user's profile Send private message You must be logged in to rate posts

The Artist
Super Spammer



Joined: 06 Jan 2008
Karma :
PostPosted: 17:08 - 25 Jun 2014    Post subject: Reply with quote
Just for info, as a previous Wonga customer, they sent me this today.

Quote:
As you may have already read or heard in the press, following an announcement by the Financial Conduct Authority we have today issued a public apology. We are identifying the customers affected by a historical debt collection issue and certain system errors.

Following our internal investigations, we can confirm you have not been affected by the debt collection issue. You do not need to do anything but please read this email carefully.


Historical debt collection issues

Between 2008 and 2010, we sent out letters to 44,556 customers claiming to be from companies “Barker & Lowe” and “Chainey, D’Amato & Shannon”. These letters were in fact from Wonga. They gave the misleading impression that customers’ outstanding debts had been passed on to a law firm (or other third party) with the threat of adverse consequences if the debts were not repaid quickly. Charges were added to some customer accounts as a result of this practice.

This practice was unacceptable and should never have happened. It ran contrary to the principle of transparency on which our business has been built.

System errors

Following an internal investigation we have also identified certain system errors, which resulted in the miscalculation of some customers’ balances. Some customers overpaid Wonga whilst a greater number underpaid, with the majority of those customers who overpaid Wonga, overpaying by less than £5.

All known balance calculation issues have been addressed. For existing customers, where they have overpaid Wonga this will be repaid with interest and those who underpaid Wonga will not be asked to pay the shortfall.

We are in the process of identifying the customers who have been affected by these system errors. We will be in touch directly with all customers who have experienced financial loss as a result of these errors.

Our apology

We apologise unreservedly to all of our customers. Although you may not be directly affected by these issues, we are working hard to do the right thing and earn back your trust.

Our priority now is to work with the Financial Conduct Authority, our regulator, to agree a redress programme which will ensure affected customers are appropriately compensated.

For further information on these issues visit wonga.com/apology or call us directly on our freephone number, 0800 840 0836 or national call rate number, 0333 005 0836 to speak to our customer service team.

Yours,

Tim Weller
Interim CEO, Wonga Group
 Back to top
View user's profile Send private message Send e-mail You must be logged in to rate posts

Rigga
World Chat Champion



Joined: 29 Nov 2012
Karma :
PostPosted: 17:13 - 25 Jun 2014    Post subject: Reply with quote
Fake solicitors letters too!
____________________
Current bike: Honda CBR 1100xx
 Back to top
View user's profile Send private message You must be logged in to rate posts

Itchy
Super Spammer



Joined: 07 Apr 2005
Karma :
PostPosted: 17:24 - 25 Jun 2014    Post subject: Reply with quote
The Artist wrote:
Just for info, as a previous Wonga customer, they sent me this today.


You should charge them 4000% interest on what you paid.
____________________
Spain 2008France 2007Big one 2009 We all die. The goal isn't to live forever, the goal is to create something that will. In the end, your life will flash before your eyes. Make sure it is worth watching.
 Back to top
View user's profile Send private message Send e-mail You must be logged in to rate posts

Hetzer
Super Spammer



Joined: 19 Feb 2007
Karma :
PostPosted: 17:26 - 25 Jun 2014    Post subject: Reply with quote
"historical debt collection issue"

Translation: criminal fraud.

Now fucking prosecute the scum, you two-faced fucking pigs.
____________________
"There's the horizon! Ride hard, ride fast and cut down all who stand in your way!"
 Back to top
View user's profile Send private message You must be logged in to rate posts

Itchy
Super Spammer



Joined: 07 Apr 2005
Karma :
PostPosted: 17:29 - 25 Jun 2014    Post subject: Reply with quote
Hetzer wrote:
"historical debt collection issue"

Translation: criminal fraud.


Oh come on you should know better than that already! one rule for us...
____________________
Spain 2008France 2007Big one 2009 We all die. The goal isn't to live forever, the goal is to create something that will. In the end, your life will flash before your eyes. Make sure it is worth watching.
 Back to top
View user's profile Send private message Send e-mail You must be logged in to rate posts

The Artist
Super Spammer



Joined: 06 Jan 2008
Karma :
PostPosted: 17:42 - 25 Jun 2014    Post subject: Reply with quote
Itchy wrote:
The Artist wrote:
Just for info, as a previous Wonga customer, they sent me this today.


You should charge them 4000% interest on what you paid.


I have no issue with the transactions I personally conducted with them. I borrowed £x and paid back the agreed amount on time. They provided a useful service at a price agreed beforehand. The interest rate is obscene but if I walk into a bank and say I need £200 in 15 minutes, they won't give it to me. Wonga will.

I am a bit more sensible now and have a normal credit card so in an emergency, I don't have to resort to places like Wonga.

I do think what they did to some customers is out of line and they should be fined far more than what they have been. I just don't think calling them scum for the service they offer is right. Calling them scum for ripping people off and actual fraudulent activity is justified.
 Back to top
View user's profile Send private message Send e-mail You must be logged in to rate posts

CaNsA
Super Spammer



Joined: 02 Jan 2008
Karma :
PostPosted: 18:37 - 25 Jun 2014    Post subject: Reply with quote
This dropped into my inbox.


Quote:
As you may have already read or heard in the press, following the Financial Conduct Authority announcement we have today issued a public apology. We have identified the customer group affected by a historical debt collection issue and certain system errors.

Following our internal investigations, we can confirm you have not been affected by either of these issues. You do not need to do anything but please read this email carefully.


Historical debt collection issues

Between 2008 and 2010, we sent out letters to 44,556 customers claiming to be from companies “Barker & Lowe” and “Chainey, D’Amato & Shannon”. These letters were in fact from Wonga. They gave the misleading impression that customers’ outstanding debts had been passed on to a law firm (or other third party) with the threat of adverse consequences if the debts were not repaid quickly. Charges were added to some customer accounts as a result of this practice.

This practice was unacceptable and should never have happened. It ran contrary to the principle of transparency on which our business has been built.

System errors

Following an internal investigation we have also identified certain system errors, which resulted in the miscalculation of some customers’ balances. Some customers overpaid Wonga whilst a greater number underpaid, with the majority of those customers who overpaid Wonga, overpaying by less than £5.

All known balance calculation issues have been addressed. For existing customers, where they have overpaid Wonga this will be repaid with interest and those who underpaid Wonga will not be asked to pay the shortfall.

Our apology

We apologise unreservedly to all of our customers. Although you have not been directly affected by these issues, we are working hard to do the right thing and earn back your trust.

Our priority now is to work with the Financial Conduct Authority, our regulator, to agree a redress programme which will ensure affected customers are appropriately compensated.

For further information, visit wonga.com/apology or call us directly on our freephone number, 0800 840 0836 or national call rate number, 0333 005 0836 to speak to our customer service team.

Yours,

Tim Weller
Interim CEO, Wonga Group
 Back to top
View user's profile Send private message You must be logged in to rate posts
Old Thread Alert!

The last post was made 11 years, 294 days ago. Instead of replying here, would creating a new thread be more useful?
  Display posts from previous:   
This page may contain affiliate links, which means we may earn a small commission if a visitor clicks through and makes a purchase. By clicking on an affiliate link, you accept that third-party cookies will be set.

Post new topic   Reply to topic    Bike Chat Forums Index -> Politics & Current Affairs All times are GMT + 1 Hour
Goto page 1, 2  Next
Page 1 of 2

 
 You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
You cannot attach files in this forum
You cannot download files in this forum

Read the Terms of Use! - Powered by phpBB © phpBB Group
 
Debug Mode: ON - Server: birks (www) - Page Generation Time: 0.10 Sec - Server Load: 1.41 - MySQL Queries: 13 - Page Size: 139.39 Kb