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★★★☆☆

“Ended Up Borrowing From Another Lender”

written by 83Lacroix on 02/07/2014

I borrowed from these guys during 2008 to 2010. My account was good and usually settled on time when I borrowed.

In 2010 , I incurred a financial difficulty related to my work for one month and I informed Wonga I could pay, if they agreed to alternative arrangement but Wonga didn't and referred my outstanding loan straight to 'Barker and Lowe' who I now know are not legal advocates but just Wonga pretending to be lawyers.

The letter added on late fees and a legal fee of over which increased my existing loan of £882 to well over £1000 and threatening me with court action.

I panicked and borrowed from another payday lender to try and pay it off , (which in hindsight I shouldn't have, they helped exacerbate a small debt issue to one that then got out of control) irresponsible scaremongering.

In the end what I borrowed from this other lender was not enough to keep head above water and in my panic I ended up taking out a debt management plan in 2011.

I am now paying both loans back on the DMP and have been since 2011 and happy that the interest has frozen and I can afford it and everything is back under control. However I wonder whether the debt I'm paying includes 'these legal admin fees' that I supposedly incurred from Wonga!

The irony for me is seeing Wonga in the news a couple of months ago now facing criminal prosecution for impersonating a solicitor.

This morning I received a letter from Wonga stating that I am one of the customers affected that was wrongly sent these fake threatening letters and that I'm due some compensation .

When I Googled the amount of compensation likely to given it came to £50! I really do feel the Financial Services Authority let them off lightly. Is there 'real ' legal advice out there which can assist me?

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