The Anonymous Widower

Wonga Fraud Claims Grow

The BBC Watchdog programme is reporting increasing fraud based around Wonga. Here’s the introduction.

There’s been a growing number of complaints from victims about bank fraud, according to the BBC’s Watchdog programme.

It says it has heard from more than 350 people who claim their accounts have been raided for loans they didn’t take out.

They include 16-year-old student Simon Oliver from East Sussex.

“I was at Gatwick airport on a school trip and went to pay for some food and my card didn’t work,” he said.

It strikes me, that Wonga aren’t doing their checks correctly, as obviously, the sixteen year old, who was defrauded shouldn’t have been able to take out a long.

One point is that, the money has been loaned to a different bank account to the one where the payments are taken.

Surely, Wonga, do check bank accounts thoroughly! It looks like they don’t!

I just checked with a guy I know, who’s run finance companies and only in very rare circumstances, would you send the loan to one account and get the repayments for another. Usually, it was a commercial loan, where Director’s guarantees were involved.

I’ve not heard of this fraud being perpetrated on a reputable loan company.

May 1, 2013 - Posted by | Finance, World | , ,

3 Comments »

  1. Worrying

    Comment by Liz P | May 1, 2013 | Reply

    • I think it shows Wonga pay more attention to making money, than creating a good reputation for the company. my friend was adamant, that you don’t take repayments from a different account to the one you lend the money.

      So they are being unprofessional and making themselves open for fraud.Another payday lender has lost their licence because of sloppy processing.

      Comment by AnonW | May 1, 2013 | Reply

  2. They should ALL lose their licences. They are not a force for good, they are a serious force for bad

    Comment by Liz P | May 1, 2013 | Reply


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