The administration of WDFC, the legal company who operated the Wonga brand, was completed in August 2020.
The company was finally dissolved in December 2020.
See Companies House records for details.
Background to the administration – rising complaint numbers
A payday loan is “unaffordable” if repaying meant you had to get into more debt, by borrowing again or getting behind on bills or other debts. So you may have repaid all your loans but still have a good claim for a refund of the interest you paid.
When Wonga went under there were over 200,000 people with current loans from Wonga – many of them had a good case for the interest to be removed from their balance so they only repay what they borrowed.
The Administrators proposals set out the reasons why Wonga went into administration. These were the increasing number of affordability complaints, especially from Claims Companies, and the decision by the Financial Ombudsman that FOS could look at loans over 6 years old, going back to 2007.
There were 24,000 affordability complaints awaiting a decision by Wonga and 9,500 complaints against Wonga with the Financial Ombudsman when Wonga ceased trading on 30 August 2018.
Details on the Administration
The Administrators have made various progress reports (available from Companies House) and statements during 2018-20:
- in October 2018, the Administrators published their Proposals, detailing how they planned to handle the administration. Creditors voted to approve these Proposals.
- progress report to end February 2019;
- Witness Statement in April 2019;
- progress report to end August 2019.
An online claim page was set up in April 2019 for Wonga customers to submit claims for refunds. The deadline for sending in a claim was 30 September 2019.
The Administrators assessed all claims using an automated tool. This took account of:
- all loans, including those over 6 years old
- how large a loan was compared to a customer’s income;
- how often someone borrowed without significant gaps;
- whether there were indications of hardship such as missed payments;
- if there is a balance outstanding for the right of set-off.
Where it decided one or more loans were unaffordable, it calculated how much interest should be refunded and added statutory interest at 8%.
In August 2019 the Administrators starting sending emails to people saying whether their claims have been successful or rejected.
In September, the Administrators sent an update on progress up to end August 2019. Key points include:
- at end August, 389,621 claims for unaffordable payday lending have been accepted by the administrators;
- the total value of these claims is c £460million – an average of c £1,200 a claim.
- £23m of outstanding loans have been collected. The Administrators say that outstanding loans are being taken into account and given the right of set-off where the customer has a claim for unaffordable loans.
- The remaining loan book will not be sold to a debt collector.
At this point the Administrators were saying that payments would be made by 30 January 2020.
29 January 2020 – administrators announce 4.3p in the pound
On 29 January 2020, the Wonga administrators announced that they will be paying 4.3p in the pound to unsecured creditors, including all the 400,000 people who are owed a refund for unaffordable lending.
The administrators have now given the final numbers:
- they assessed 401,202 claims as being valid;
- of these 358,129 are being paid 4.3% of their assessed compensation value;
- the remaining 43,073 also owed a balance on a loan to wonga, so their compensation has been used to clear or reduce that balance.
What happens next:
- the money should be paid within the next 4 weeks. This has come as a surprise as people had been told it would be paid by the end of January;
- the loans that are being refunded should be removed from your credit record in the next 6 weeks.
My comment – ripped off by Wonga and now let down by the regulators
The administrators told people they would get “significantly less” than that amount as there would not be enough money to pay the claims in full.
But many people will have been hoping for more than 4.3% and are very upset.
It is not the administrators’ fault there is so little money to be divided between so many people. It is the fault of the regulators – first the OFT and then the FCA – that they allowed Wonga to break the rules saying that affordability should be checked
And now the regulators have failed to ensure that these Wonga victims get the compensation they should have. When a PPI firm went under, the Financial Services Compensation Scheme stepped in and people with PPI claims got paid in full. But the FCA has not extended the FSCS to cover payday lenders.
This isn’t just a problem for the hundreds of thousands of Wonga victims. Borrowers from many payday lenders have been unable to get proper compensation after the lender has had to close. This will apply to QuickQuid, the money shop, Payday UK and Payday Express borrowers as well.
The FCA needs to rethink this and provide a safety net for people who were mis-sold unaffordable loans.
Readers comments – Shock and disappointment
This a brief overview of the hundreds of comments below this article.
Some people are happy to be getting anything:
- “I am only getting just shy of £25 but for the sake of completing a 30 second form it’s not too bad.”
- “I will be getting £79.93 of the £1854.17 I was owed. Better than nothing!”
- “£35 out of a possible £800. I wasn’t expecting much anyway. I’m more interested in having the 25 wonga loans removed from my credit file.”
The administrators had said people would get “significantly less” than the claim, but many people were hoping for at least 10%:
- “I got mine £88.67 – claim was £2057.05 – I was expecting at least a couple hundred.”
- “Claim was 3034, getting 130. By considerably less I didn’t think it would be over 95% of it. That is ridiculous.”
- “To receive £44.10 from a claim of £1023.00 is insulting to be honest.”
- “Owed £1499, getting £63…what an absolute joke!”
- “4.3% is an absolute disgrace. Although people are trying to be positive they shouldn’t have to. The people who made all the profit here would spend the biggest payout anyone has received on an evening out and not think twice about it.”
- “Gutted…. was hoping for at least the 10% speculated.”
This reader blamed not just Wonga but the regulators:
- “Over £11k accepted reduced down to £480 – my job, my marriage and 4 years of desperation followed by years of rebuilding my life – that’s what the regulators consider that to be worth! Shame on everyone involved in Wonga and the lack of regulation of lenders like them !”
Some are just are delighted that Wonga has gone under:
- “Heads up everyone…We have won in the end! They can no longer be a hindrance to any of us any more!”
- “Mines going to charity. Best thing to have happened is for them to have gone bust”
- ”Thank you Wonga you paid me to continue gambling, I lost everything. Good riddance.”
Many people are also disappointed and shocked that they aren’t being paid by the end of January. Some people getting these refunds are still in difficult financial circumstances and had planned to use the money to pay a bill or some debts.
February 2020 – some clarifications from the administrators
The remaining loans
The administrators have confirmed that no further payments are being accepted and the debts will not be sold to a debt collector. So you don’t have to worry about being taken to court or bailiffs.
But the debts are not technically being written off. They will remain on your credit record for 6 years from the default date on your credit record. If you don’t know what this date is, I suggest you check it now.
In practice, now the company in liquidation, if you contact a credit reference agency and say your Wonga debt is incorrect, you can ask the credit reference agency to “suppress” the record as Wonga can no longer say what the right entry should be. See How to correct credit records if the lender has gone under for details.
No deductions are being made for tax
The Administrators have said:
“the Joint Administrators have agreed with HMRC that the payment may be treated for tax purposes as set wholly against the interest and fees element first, and statutory interest second. As a result, where the distribution paid by the administrators to each customer does not exceed the interest and fees claimed by them, no withholding tax will be required to be deducted at source from payments made by the administrators in such cases.”
The simple version of this is:
- the administrators are not taking off any tax.
- there will, therefore, be no tax to have to reclaim.
- the vast majority of people will not have to pay any tax on any part of of the refund even if you are a higher rate taxpayer. The amounts don’t have to be declared if you complete an annual tax return eg if you are self-employed.
A small number of extra payments
A small number of customers were owed money by Wonga for a different reason, for example they may have overpaid on a loan. These extra amounts are also being paid out and you will get 4.3% of them too.
If you were not using a claims company, you should have received a single email at the end of January which mentions both amounts.
If you were using a claims company you should have received two emails, each about one of the amounts. If you have only received one email and it mentions a claim which is smaller than the amount you expected, you can contact the administrators, it may be this is the “extra” payment.
Bank account issues
I asked the Administrators why some people are still getting emails asking them to update their bank details. They say:
These emails will be in response to customers’ requests received by the Customer Care team prior to 29 January 2020 providing a secure method by which customers can update their bank account details. Customers should respond to these emails.
I asked the Administrators what will happen if they make a payment and it bounces back to them because the account is no longer open. They say:
Where updated information is available from customers we will attempt to reprocess bounced dividend payments via electronic transfer. Alternatively, we will issue a cheque to the address held on file.
A blogger contacted the Administrators on the 14th February to ask why she hadn’t been paid and was told:
“I can confirm that the joint administrators have commenced distribution of dividend payments to unsecured creditors, including those with redress claims. Given the volume of transactions that need to now take place, the administrators cannot guarantee an exact date when individuals will receive payment but are aiming to complete transactions within the next two weeks.”
February and March – payments started but with problems
I was told by the Administrators on Friday 28th February that 90%+ of payments have been made and they expect to make the rest of payments over the next two weeks by BACS. About 22,000 the following week, about 13,000 the week after. It looks as though the 22,000 group got their money. It’s not clear to me how many of the 13,000 group have.
Many people in the comments below this article were reporting probems. These included people whose bank accounts had never changes. Problems included:
- confusion over whether a claims company has been paid or they will be;
- Wongasaid payment was sent to a claims firm that hadn’t been used;
- Wonga said a cheque was sent to a house you no longer live it;
- Wonga said a payment has been made to your bank account but it hasn’t arrived ;
- Wonga has said a payment was sent to an old bank account despite new bank account details having been given and co0nfirmed as having been received.
On 2 March the Administrators said the payment process was taking longer than expected and payments would continue to about 40,000 people over the next 2 weeks:
The Joint Administrators have now attempted to make dividend payments to over 410,000 creditors… In addition to the payments that were not made we have had approximately 40,000 payments returned to us due to incorrect customer bank details recorded on file with Wonga. We will now begin contacting these customers whose payments were returned, by email, to obtain correct and up-to-date bank account details.
The dividend payment process is taking longer than anticipated and payments will continue to be paid during the next two weeks.
On 19 March the Admistrator’s announced:
The Joint Administrators have now attempted to make dividend payments to over 443,000 creditors representing 98% of the creditor population. This includes payments to creditors whose payments were briefly held back from the initial payment phase whilst additional validation checks were completed to new bank account and/or address details that were provided. The Joint Administrators now continue to focus on the remaining small population of unpaid dividends in order to complete the payment process.
From here on progress was very slow, impeded by lockdown.
End August 2020 – administration ends – do you still have a problem?
Have you not been paid?
The Administrators final report blames the payment problems of Wonga’s poor systems and on creditors who did not update their bank details when requested to. But as many comments below detail, people who had never changed their bank account or who had updated their bank details several times and had each confirmed also experienced prolonged delays.
At 28 Auguest when the administration ended, there were still c 49,000 payments with a total value of £632,000 that had not been made – an average about of £13 per payment. About 70% of these were for amounts owed before the administration, so not affordability complaints.
The Administrators have passed the £632,000 to the Insolvency Service. If any creditors want to claim an unpaid amount, they should email CustomerServicesEAS@Insolvency.gov.uk.
A problem with your credit record
If there is a problem with your credit record then you now need to contact the Credit Reference Agency where the problem is showing – Experian, Equifax or TransUnion. Say you can no longer get an answer from the administrators as the firm has been dissolved so you would like the CRA to “suppress” the credit records (list them) as they are inaccurate.
This problem could have been an error by the administrators, who failed to delete the record. It could be an error by Wonga before the administration: the loan date or balance or default date is wrong – you want the default date to be as early as possible so it drops off sooner – or Wonga may have failed to add a default date.
If the CRA refuses, send the CRA a formal complaint and this can be sent to the Financial Ombudsman. In practice people are getting these sorted with the CRAs without having to go to the ombudsman.
Refunds from large loans & car finance
Refunds from other payday lenders
Is your credit card limit too high?
Mark says
The Joint Administrators are now in a position to declare a first and final dividend of 4.3p in the £.
You will receive a payment of £131.42. Your payment represents 4.3p in the £ on your agreed claim value of £3048.74.
Lyndsey J says
I just got my email. 4.3p in the pound so for a claim of around £696 I’m getting approx £30 to be paid within 4 weeks
Paul says
Well 4600 and I get back 170…. lol and I’m gonna bet the lot when I get it… quite embarrassing really, 4.3% reckon someone sumwhere has made a killing out of this!! lol
mark says
Sara, when will Grant Thornton release the report and show how they ‘Divendend’ the money between Secured creditors, unsecured creditors, employees, themselves etc.. Because I’m sure there will be alot of people that will want to have a look
Maisie says
I have just received the email. Of my £828 I was due, I will receive £35… safe to say I’m very disappointed. Disgusting that they get away with not paying what we were all due! 4.3 to the pound is the final outcome!
Lisa says
Yes just now £11.32 mine really disappointed of a £262 claim shocking!
Graham T says
Well, I,m getting £77 off of £1800 approx, annoyed I didn’t complain earlier, as many others will be. I think all I can take from this is a very harsh and expensive lesson, which, has, in the long run taught me a lesson in financial matters. Thankfully I am in a far better financial situation now. I know some are not as fortunate and I hope what each and everyone of you gets helps you in whatever way it can. G
Andrew says
Just been emailed my amount. £6720 was the accepted loan amount and my payout is £289.71.
It states it’s 4.3p to the £.
Stephen says
Same Andrew. I was £6,563 and got 282 back… wonder what the largest claim on here was
Mike says
£90.31 based on £2000 claim – ah well better than nowt!
Emily says
Just had my email, my claim was £1776 & I’m getting £50!
Karyn says
Hi everyone just got an email from Wonga saying this “‘The Joint Administrators are now in a position to declare a first and final dividend of 4.3p in the £.
You will receive a payment of £37.97. Your payment represents 4.3p in the £ on your agreed claim value o
As you will be aware from previous correspondence to you, the payment you will receive is significantly smaller than your Accepted Claim Value. This is because the total value of all accepted claims for customers/creditors significantly exceeds the money available to be shared out.
As per our previous assessment email, we have also taken steps to update your credit file in accordance with the outcome of your assessment. All credit file updates in association with this claim should be completed within approximately 45 days of this correspondence.
If you are being represented by a CMC/Third Party, a copy of this email has been sent to your CMC/Third Party representative.
When will I receive my final dividend payment?
As a result of the volume of dividend payments due to customers/creditors, you will receive your payment within four weeks of this email. Please note that if you have recently provided your bank detail updates to the Customer Care team, your payment may take longer to receive while your updates are processed.
Jo B says
Email received from wonga “You will receive a payment of £147.57. Your payment represents 4.3p in the £ on your agreed claim value of £3423.29” .
I’m grateful that I’ve got some money back .
Gary says
thought i would get fish and chips but now only chips and thats i 4 weeks time utterly disgusting
Andrea says
Finally the email!
The Joint Administrators are now in a position to declare a first and final dividend of 4.3p in the £.
You will receive a payment of £386.27. Your payment represents 4.3p in the £ on your agreed claim value of £8960.58.
Karen says
£54.64 🙄 ill cancel the cruise !
Stephen says
Take a payday loan for the rest!!
Julia says
Mr Wonga will have done okay out of it… I’m sure of that.
Mine is You will receive a payment of £284.26. Your payment represents 4.3p in the £ on your agreed claim value of £6594.12.
Over 6500… that would have changed my daughters life.
Ash says
The Joint Administrators are now in a position to declare a first and final dividend of 4.3p in the £.
You will receive a payment of £73.48. Your payment represents 4.3p in the £ on your agreed claim value of £1704.49
Gemma R says
£45.14 off a £1200 claim 4.2p to every pound. Absolutely shocking. I feel for the people who are owed alot more than me. Atleast we got something back though.
Tommy says
Basically for 10k you’ll see £430.
How were they ever allowed to get away with this.
Grant Thornton’s done us all over shipped millions to foreign accounts
Beverley says
Wonga did us over Grant Thornton worked with the funds they could salvage and there is a legal precedent as to who gets paid first. I for one think they have probably well and truly earned their fee.
Joanne says
182.96 on a 2.300 claim I was expecting to get less after reading all the comments so it’s a bonus . Better than nothing . A pain to have to wait 4 weeks to get it but at least we know where we are now.
Sianise says
My claim was for £10,900 , I’m getting £468 lol, ah well £468 more than i thought I was getting back before I realised I could claim back!!!
Sarah says
Can we not appeal this amount as I could have expected 1500! Not 60 quid?
Any help please.
Sara (Debt Camel) says
No, sorry
Jan says
Oh well at least we know now. I am personally ashamed of using these payday loans, it became like a drug the excitement of being accepted and then paying them off using another one spiralled.
I for one am grateful Sara for the work you have put into this site it has spurred me on to write to other lenders before they go bust.
Carry on the great work.
Matt says
Hit em all everyone send them all out of business
JB says
Afraid not. And that is simply because the money has to come from somewhere. And the point is, they are no longer trading, they went into Administration. The pot available to the Administrators , to spread across everyone who has a claim, is therefore also fixed. And due to FCA regulations they have to treat every claim fairly, that’s why it’s worked out to a dividend. They would be unable to throw more money at people who complain, because that would essentially diminish someone else’s share. It’s horrible, I know, but it is what it is. Sorry.
Thomas says
£43 pound for me, from the agreed claim value of £1004
Ruth says
Sara sorry didn’t you say something about us being able to claim tax back please?
Sara (Debt Camel) says
Yes! Read https://debtcamel.co.uk/ppi-payday-refund-get-back-tax/
Annonymous says
How do we know if tax has been paid on it? Mine would appear to be a straight 4.3% of the redress claim amount??
Darren says
Regarding the tax back, would it be 8% be from the reduced figure we’re all finding out about? Or would it be 8% of the full amount we should have been getting?
Thanks
Lynne says
Sorry Sara I just had a quick look at that link and it’s all double Dutch to me. I wouldn’t even know the first thing on where to start, how much tax I paid etc etc. Help.
Mel says
Hi, trying to work out if it’s worth the hassle of claiming the tax back. Am I right in thinking that if your refund amount is going to be less than £100, which mine is, then it’s not really worth it?
Reah says
I was told I’ll be getting £2300 I got an email telling me I’m getting £99!! Basically I’m getting 4.3p on every £1
David says
Hi all got my email there I got 4.3p for the pound my claim was for £2500 I got £107.48p back
Caroline G says
Mines £6.13 lol they may as well keep it
Energy says
Wow, what a dumb comment.
Sue says
I just had a refund for £8.16p instead of the £260 mentioned last year. Nothing we can do. I will just buy myself a nice bottle of wine and a kfc takeaway as a treat! I wasnt expecting much so I have to say that something was better than nothing.
Aimee says
£113 within 4 weeks from nearly £3100 🤔 Better a poke in the eye with a sharp stick but only bloody just!!
Mickeyblue says
4.3% I’m in for £55.
I was hoping for 10% as a worst, 4.3% is shocking.
Gutted for the people whos redress was over 3 or 4k, I’ve seen some people with over 6k redress :-(
Enjoy everyone.
Em says
Not even had the email yet but I had 8k :( .. absolutely gutted as I could of done with the money.
At least getting something but the fact they have now said up to 4 weeks is outrageous! .. got everyone’s hope up for it being the 31st!
I was at least thinking minimum 5% but it’s even lower! Shocking.
Regardless thanks Sara for this forum.. going to use the template to try get refunds on others that are still running! All the best for the future everyone . At least we know never to get sucked into these loans again.
Danny says
Wow 50 quid.
on a 1200 accepted claim is disgusting outrageous. They have stole our money prayed on our weaknesses and said sorry with 50 flipping quid.
I bet they have paid all the big wigs some nice coin before we scum get a little bit.
F**k off wonga
Abq says
Over 3k has amounted to just over 100 pounds. Worse than I expected to be honest.
Grant says
85 quid off a 2 grand claim! 4.3 p in the pound 😳 better than a kick In the teeth I suppose…. just!
J R Hartley says
Damien. Chill.
1. Who will you report it to?
2. It’s not Sara’s fault you don’t understand administration.
She has been urging caution from day one.
xanthe says
just received email…4.3p in every £1. After 4 years of trying to claim…Payment will be made within four weeks
Danielle says
That’s not really a nice thing to say, Sara has made an amazing site, and it’s been nice to be able to communicate with others going through the same thing, if your that sensitive to the situation then maybe you shouldnt be reading it all!
Michae says
£9.67p AN ABSOLUTE DISGRACE , IVE WAITED MONTHS FOR NINE POUND SIXTY SEVEN IT’S PURE JOKE SORRY
Craig G says
Email has came , £1750 and I get £75 paid in 4weeks
Minnie says
I was due just under £10.000 payment due is £300 :-( and now to wait a possible four weeks too!
Matt says
I bet the administrators got 100% of whatever it was they were charging for.
Barret Wallace says
2.2million if you check the link for how the finances break down – really disgusting.
Mark says
I Think it’s atrocious that the company dealing with this is charging anywhere up to £500 an hour to do whatever it is they’re doing. They should be ashamed of themselves, I’m pretty sure they’re being paid far more than that anyhow. Also who’s keeping an eye on what they are doing with the money, they’re in control of it all and paying themselves out of the funds we should be getting. And I’m sorry but we the ones who have been prayed on and ripped off at every oppotunity by these loan sharks should be the first to receive funds, then every company, bank ,employee etc.. second. And the owners of wonga should lose everything they own, houses, cars etc… they don’t deserve it. The company wouldn’t of made the profits it did without us. Just saying. Also the customers always right aren’t they.
They certainly ain’t getting a thanks from me. I was hoping for my 71 quid tomorrow or Friday so I could get a takeaway. Well I hope each and every short term and payday lender has folded by the end of the year.
Timka says
are you for real? you should be ashamed! it was known ages ago it would be few pennies for pound. this website helped many people to talk about what they do not dare to talk about with closest friends.
Sarah says
4.3p in the £ what a complete joke
Chris says
This site hasn’t built up expectation. Contributors to the forums have. Don’t blame the organ grinder. Blame the monkeys.
R says
Just received mine – 4.3p advised I’d get £720.10 but I’m only getting £31.04, absolutely ridiculous. Is there nowhere we can complain to? It’s ludicrous
Victoria says
Hi
Received an email from wonga.
They have giving 4.3p to the pound.
My claim was only for £206.63 and I’m receiving a payment from them for £8.91!
M says
£55.17 refund in respect of a £1300 claim, takes the mickey somewhat!
I know they said significantly lower etc etc and the reason why but that’s even lower than thought in the press!
Andree says
To be frank 4.3p in the £1 is not as much as I would have liked but is a lot better than 1p in the £1. I was owed nearly £15000 so I have a fairly tidy sum and I am grateful for that. Will try for QuickQuid now
Ram says
I received an email just now.
The Joint Administrators are now in a position to declare a first and final dividend of 4.3p in the £.
You will receive a payment of £59.96. Your payment represents 4.3p in the £ on your agreed claim value of £1390.92. Payment to be revived within 4 weeks.
After back to back payday loans Since 2010 to help with surviving university, graduation and finally getting into employment – I took an IVA as all my money went to debts and I just stayed in a cycle!
I am not grateful for this unexpected return but disappointed the system keeps us down whilst companies like this line their pockets! Very very disappointing! Any advice on what to do? I’ve had loans from everyone most paid back bar the ones in my IVA – any and all advice would be highly appreciated
Danny says
220 quid out of 5150…….hey ho…….
Better than nothing 🙂
Tom says
At no point has this page suggested they’d be more.. I got 64 from 1460 and I am utterly disappointed however any speculation you’ve seen has been random amounts by claimants and nothing to do with this page. Chill out and get a beer mate
Wiz says
I have received my email of my refund amount. I will be getting £79.93 of the £1854.17 I was owed. Better than nothing!
Dave says
Why are people getting so annoyed? You were all told this months ago that it would be a lot less! It’s all done and dusted now.
Kenneth says
Hey Dave. You must be financially okay and quite prepared for 4.3% of your final redress.
Knowing I was due for over 3k and getting under 140 seems u fare… It does not matter how much I was told it would be “significantly less”…. Over £3000 less that I was getting is huge difference. Especially from £3174 – it’s like a full robbery…. Do remember Dave, they have admitted responsibility and the law is the law…. You must know many rich unscrupulous folk have fast cars, stately homes, sweet yatchs and apartments in the skies. #HUGERIPPOFFFULLSTOP – #LETUMWALKALLOVERUS
Eann Mcinnes says
Just got the mail 4.3p in the pound so on a claim of around £1600 I am going to receive around the £70 mark in 4 weeks was really hoping fo around 10% but beggars and all that
Daniel says
I’ve just received my settlement fee of a £117, which is the email I’ve had from Wonga. But the money will be going into a bank account which has been closed! It says they can no longer take updates for new bank account details? Anyone know what will happen to that money?
Ian says
Bad news.
The Joint Administrators are now in a position to declare a first and final dividend of 4.3p in the £.
You will receive a payment of £340.86. Your payment represents 4.3p in the £ on your agreed claim value of £7907.15.
When will I receive my final dividend payment?
As a result of the volume of dividend payments due to customers/creditors, you will receive your payment within four weeks of this email.
CW says
They’ve clearly stated in all of their emails that our refund amounts would be CONSIDERABLY LESS than what we are owed. I don’t understand all the outrage, just be grateful you’ve got anything back at all. £68 coming my way… Better than nothing!
Neil says
I have found this page and Sara nothing but helpful. Yes we deserve more and however frustrating we have been told for weeks not to expect much of a dividend.. You surely cannot be shocked?
Tom says
Got my email. It’s 4.3 pence on the pound.
I was owed 9800 , I got 424.
Thanks Sarah for lowering my expectations. Time to celebrate its ovah!
Mark says
Delighted to get my confirmation email at last. Never expected a penny so to get £912 is a nice surprise.
Thankfully I also tackled the others (Lending Stream & Pounds to Pocket) before the thing hit the fan there too.
Hope no-one was expecting (or has already spent) a huge amount as was never going to be the case.
At last I can put these toerags behind me.
Stephanie says
£600 for an assessed claim of 14k… still, it’s better than the nothing I would have got if the administrators hadn’t contacted me, because never did I think I could claim anything. Thank you Sara (Debt Camel), I’m much savvier about money now, and I’ll make sure I pursue other lenders!
Diddy says
Agree. Lucky to get anything back and we all knew what we were doing when we borrowed from them, I’m getting £83 which will pay my car tax for the next 6 months so happy that I got something.
Now the wait beings with WDA (although they have published their amounts), money shop and QQ……
Chris says
Just got a email.
The Joint Administrators are now in a position to declare a first and final dividend of 4.3p in the £.
You will receive a payment of £107.61. Your payment represents 4.3p in the £ on your agreed claim value of £2496.38.
Please note, if you are represented by a CMC/Third Party and have provided us with instructions that your CMC/Third Party representative should be paid on your behalf, the above amount will be paid to your CMC/Third Party representative directly.
I AM PISSSSSSSSSED OF
Josh says
Just received an email from Wonga informing me that a payment of £643 will be made to my account. They owed me £14990. I am disgusted that a company can get away with something like this.
michelle says
£320 instead of £7433 !!! Cheers for that then.
Kat says
I’m exactly the same, owed £1499, getting £63…what an absolute joke!
Debbie says
You will receive a payment of £134.86. Your payment represents 4.3p in the £ on your agreed claim value of £3128.50
Carly says
Well there seems like a lot of disappointed people, I half expected it to be 1%, my claim was 1700 and i got £70 odd and I’m not overly disappointed, it’s £70 more then I had, and to get anything back was decent after the trouble I had with them, be grateful for whatever you get, it’s more then some people have at all =)
The fact it takes up to 4 weeks was a bit rubbish though =/
Emma says
I’m going to come at it from a different stand point than most people. I’m receiving £43 instead of well over £1200…. I’m going to be honest. I expected NOTHING. Why would folk expect anything of any real value when it has been posted countless times that the value could be anywhere between 1-10%. This is money that shouldnt have been lent, yes…however it is also money that I wouldn’t have now if the administrators couldnt get any assets sorted. Yesterday people were saying they would be happy with a few quid…. seriously. Just be glad it is all nearing an end.
Lisa says
£273.00 better than nothing but 6k would of been nicer
Sue says
£2707.70 = £116.72 better than a poke in the eye with a sharp stick I guess :)
Danny says
great 2k offer but geting 112.00 to be payed within 4 weeks it’s better than nothing I guess lol
Joanne says
I’m happy with mine! £35 out of a possible £800. I wasnt expecting much anyway. I’m more interested in having the 25 wonga’s removed from my credit file XD
Phil says
Phil
Just had my email from wonga ,getting £428 more than what I was expecting.
Daniel says
Can this result of 4.3% be argued? I was just like, “ffs” and accept. But then my mother said, “no take it further!” Can it even be taken further now?
Sara (Debt Camel) says
Nowhere further to go :(
African Queen says
Just received my email too –
“You will receive a payment of £337.13. Your payment represents 4.3p in the £ on your agreed claim value of £7820.68”
It’s £337.13 I wouldn’t have had so I keep it moving.
I will be making a donation to my local CAB.
Just glad that this is over and once payment is made, I can move on.
Thank you again, Sara – you have been fantastic xx