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?
samantha says
Received my email… Accepted claim value £337.31, refund amount £14.54…. Payment in 4 weeks…
I kinda accepted it to be a small amount because all the emails were clear in the fact it would be considerably smaller so the way i look at it anything is better than nothing and plus i closed my account years ago and never expected anything.
I can understand though completely why people are annoyed but these things happen.
Also i know people are commenting saying they wish they had sent an addodability complaint before it collapsed but even if you had it may have been rejected. I complained a few year ago and my complaint got rejected.
Uriah says
You will receive a payment of £92.17. Your payment represents 4.3p in the £ on your agreed claim value of £2138.24.
Lewis says
Got my email and it’s 4.3p to the £. My claim was for £715.85 and I’m going to receive £30.86. Not bad – more than I was expecting tbh! It’s going to take 4 weeks though and maybe longer if you asked them to update your bank details.
Emma Lake says
Same as above payment of 4.3p to the pound I’ll get £37 from a claim of over £8oo ( can’t remember exact figure ) payment within four weeks
Elaine Forbes says
Redress £7143
Amount I am getting back £308
Payment 4 weeks time why when it was going to be end of January
How much has Grant Thorburn made out of this
I can only thank Sara for having this forum
Keith says
The email links to the administrators receipts. For the privilege of winding the company down they made £2.2 million.
Stephen says
They made 2mil… it’s attached to the email
Chris says
So this forum censors comments it doesn’t agree with. Hard to take it as a helpful or objective source of information.
Peter says
It’s repetitive comments which get moderated, people need facts, conjecture or personal opinions, which just raise fake expectations. I am happy with the prospect of getting anything at all.
Thanks Sara for doing a great job
Chris W says
Hi Sara
Thanks for your help over the past 4-months. Really appreciate it. My claim value was £6972 so I’m receiving just under £300 back. To say I’m devastated is an understatement.
I fully appreciate Grant Thornton were just following procedure but is there absolutely nothing we can do from this point forward? I’m talking about taking action or at least naming and shaming the original Wonga founders? It’s just not right that companies/people made £ms from us in this fashion and they get to walk away from it.
Lilly says
4 weeks is an absolute joke and it’s all on us. what happened to we will be paid by the end of Jan 20? At least we know now we are getting 4.3 p in £, in my case should have been £3000 but you know what, we can draw a line under this and I truly hope we have all learned, thanks to this site, that if debt should come knocking on our door again for whatever reason, there are sites out there to help, Stepchange to name one. Let’s hope the Government ban all payday companies and free desperate people from this crippling kind of borrowing. Good Luck for the future.
Ross says
The meltdown on here is rather ironic, considering the volume of people saying “a pound is better than nothing” etc.
Can only imagine that folk were just mimicking other comments when really they were envisaging a full payout. Everyone is in the same boat, I was due almost £4700 and will get back £200. If I’d had received the original amount then I’d have been able to pay off an outstanding overdraft and clear all but one debt. But I didn’t. It is what it is folk, please just be glad that this is over and that these criminals are being consigned to history. A harsh lesson learned the hard way.
chris c says
I just took a look and he breakdown and in basic terms as i understand it they had a pot of 45 million of which they took nearly 4 million for their costs and future costs then another 16 million for realisation of funds which 20 million to make 23 million is not good business in anyones eyes especially as they had a balance cash of 11 million to start with so after some faffing this left 24 million for the poor sods who have been waiting two years to hear from them its damn right disgusting and they should be ashamed maybe the creditors of quick quid should file for different administrators asap
Nick says
That’s what happens in an Administration Chris. We were never likely to get very much.
Michael says
I got £9.67 it’s a disgrace
Nick says
Damien, I totally disagree with you! Sara’s page has enabled me to get redress of at least £3500 so far – £1800 paid to me, and outstanding debts of over £1500 waived (from Sunny and MyJar) . I’ve got two further claims still being looked at by the Financial Ombudsman Service, and I am fairly confident of success. This is ALL thanks to Sara’s advice and template letters on this website. To be honest, I was NEVER expecting much from the Wonga administrators (I’ll get £100). It was obvious we weren’t going to get much at that point. Had it not been for the Wonga Admin, I would never have even thought of claiming, but when I got the original Wonga Admin email, I lodged a claim as there was nothing to lose. When the Administrators decided that I had a claim & agreed redress, it made me realise that I might be able to claim from other lenders who had not yet gone into admin. SO, I have nothing but praise and will be eternally grateful for Sara’s hard work & advice.
Lilly says
4 weeks is an absolute joke and it’s all on us. what happened to we will be paid by the end of Jan 20? At least we know now we are get, in my case should have been £3000 but you know what, we can draw a line under this and I truly hope we have all learned, thanks to this site, that if debt should come knocking on our door again for whatever reason, there are sites out there to help, Stepchange to name one. Let’s hope the Government ban all payday companies and free desperate people from this crippling kind of borrowing. Good Luck for the future.
Chelsea R says
I got email getting £55.01 quid out of 1258
Gaz says
My email said: You will receive a payment of £58.52. Your payment represents 4.3p in the £ on your agreed claim value of £1357.50.
Was hoping for more (just like many others), but knew it would be a lot, but I am grateful for what I am getting.
woza bee 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 £55.21. Your payment represents 4.3p in the £ on your agreed claim value of £1280.65.
Sally says
Furious …i was told my claim value was nearly £2000 just recieved email that says ill get just short of £80 what an absolute joke when they ripped everyone off!! rather have not been told the claim amount if they could never have afforded to pay it back.
Gemma Chaplin says
Did you not receive any of he emails that made it very clear we would get a tiny proportion of what we were ‘owed’? It was suggested it would be about 5p in the pound so not a surprise, great to get more but they did say
Louis Walmsley says
The Joint Administrators are now in a position to declare a first and final dividend of 4.3p in the £.
I got £83 from a £1800 claim
Kirsty says
My claim was £7000 I got £300, gutted!
Thought the lowest we would get would be 10%
Sarah says
Disgusting
Danielle says
Had my email receiving £203 . Not the 4.5k I was hoping for but it helps 😂
John P says
Disgusted with some of the comments on here slating the site. Sara supports us all through this and to blame her/debtcamel in any way is out of order. The dividend is what it is. It cant be changed. The payment date was ” expected ” to be made by the end of January. The only people that could affect these factors are the administrators, NOT this website. I understand the disappointment , I’m getting £143 for a £3332 claim but at the end of the day these leeches aren’t around to pray on anyone else. Let’s be thankful for small mercies and thank you Sara for all your help
Julia says
Exactly. Sara has done nothing to suggest any figures. If anything she has encouraged people to stop guessing!!
It was highly likely to be an absolutely brutal outcome for the people who have funded Mr Wonga’s business.
We have all been exploited. And we all knew how much we had been exploited by.. in my case £6500.. of which I’ll receive less than £300.
The amounts we were quoted were potentially life changing, they certainly were in my case.
Rest assured the administrators and financial gurus dealing with the Wonga mess won’t have received 4.3p per pound…
We need to watch what happens now to the remaining PDL companies…
Jackie says
Totally agree, I have had over £10,000 back in refunds over the years and all thanks to Sarah. These refunds helped get me straight and I am forever grateful 👏👏
Nadine says
Just got my email to confirm I will be receiving £99 from my claim. Looks like they paying 4.3p to every pound
Nicola says
My claim was worth £4500…. I am getting £192! …It’s a joke !
Grant says
4.3% I get £622 was hoping for at least 10%
Phil says
What’s really annoying is after pursuing them in 2017, I completely gave up after their first rejection. I shall not give up this time!
Jackie says
£4197 owed and getting back £176.11. Absolutely disgusting. They have had a small fortune off me over the years, if £4197 was just the interest payable (+8%) think about how much they actually had in repayments. I suspect those who didn’t get a refund from Quickquid before they went into administration will be dealt with the same 🤬☹️
Nick says
I’m expecting about 5p from Quickquid! lol !
Kayleigh says
Hi I have been following this post for a while just to let everyone know I have just received me email and it is 4.3p to the pound I was due 683 and received 29 pound
sarah says
Just received my email to tell me how much and for claim of £1509 I am getting a payment of £65 so 4.3% is what’s being given
Adam says
Ha ha ha £24 from a £570 claim. Suppose it’s better than nowt. Just 🤣
Kate says
It’s disgusting and shocking the way we have been treated !! They owed me over 1000 and I get £47.00, they kept people hanging on for ages for nothing it’s a total joke there now saying 4 weeks before they pay it !! What happened to payments by the end of January 2020? Liars
Sarah says
Yes totally agree. I was promised payment THIS MONTH. I have it IN WRITING. Absolute scum. The administrators are as bad as Wonga.
Becci says
Well I set my hopes on 2p as not to be disappointed (knowing full well that it would be low anyway) so it is what I almost expected to be fair.
Sara has done a sterling job of running this page and by the sounds of it, dealt with some undesirable comments and posts.
Thanks Sara for all of your help as I’ve kept up to date with this site since I put my claim in in early 2017.
I hope everyone is ready to move on from the ‘Wonga era’ and can start to put this behind them.
Thanks again
Mandy says
I’m really sorry if this is a stupid question but to claim tax back on the refund will I have to wait for this to reach my bank?
Sara (Debt Camel) says
yes.
Julia says
Sara, if we have all had emails stating payment end of Jan, how can the administrators change the date?
Sandy says
Just got my email. Was owed £2300 actually getting £93 😂
Helen says
Just received confirmation it’s 4p in the pound so my claim of £3700 has paid out £161 but we won’t get it until potentially 4 weeks from now
Lauren 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 £13.47. Your payment represents 4.3p in the £ on your agreed claim value of £312.41.
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.
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.
Louise says
£19.17 …. I got my eye on a bottle of wine and a nice box of chocolates.
Honestly , this refund is from loans years ago before I wised up, so to get anything back is a welcome bonus.
I do feel for all those who are relying on their refund who are now disappointed or panicked that they are not going to get anywhere near the amount that was originally agreed, especially with a possible further wait for the mo eat to hit their account.
Terry says
Just got mine, 4.3p per £1. so £227.71 of my £5270.86 claim
Kelly says
What a joke £76 I will receive out of £1700 this seriously not right.
Stephen Marshall says
Can I just say. A lot of people have had loans written off now. So yes you may only get £50 but you may have had £1000s written off. Or if not you have helped others and taken down a predatory lending site. So win win overall and more lenders to follow…..
Drew says
2704 so taking away 117, it’s a small Consolation I know, but think we got something out of those vampires. We are still standing and they have gone bust and can’t screw anyone else over.
117 quid is more then a enough for a nice meal and a decent weekend. I call it a win
Hazel Black says
What everyone needs to remember is we all took the loans out at the time we needed them they got us by and we all knew the interest rates we were paying better something back than nothing !!
Thanks Sara for all your help
Adam says
Well said Hazel we all accepted to loans knowing full well what we had to repay and the circumstances we were in.
Joanne says
I agree Hazel .. I getting £196 so I’m ok with that
L5637 says
Received my email. Accepted claim value £2141.33 amount being received £92.31 and could take upto 4 weeks.
Nicola says
43 pounds what a joke not worth the effort really.
May aswell keep it.
Alison Hutton says
Finally recieved my email. Not at all bothered about the amount it’s the credit file notes I wanted gone. Pleased that will be done in the next 8 weeks. My total did come back higher than expected by a very small fraction apparently due to a refund they tried to get to me before administration but failed to do. I knew nothing about that and it wasn’t mentioned in my previous emails so actually a nice little surprise. The funds I do recieve will by the bairn new school shoes so overall I’m ok with it. Better than a slap in the face.
Lynsey says
Been following this forum for a while, it has been very imformative. Got my wonga email £77 back was hoping for a bit more but what can you do , its the removal on my credit file I’ve been waiting for so hopefully they can get on with it. I also had a redress agreed via the ombudsman from quick quid and suprise suprise they went into administration before I got a pay out. Gets me thinking with quick quid wish we could just donate to charity save the administrators sending out penuts and waiting over a year. I’m just glad to be out of the pay day trap. Thanks sara you have been honest and clear with your answers I’m going to send my local CAB a donation they helped me out when I hit rock bottom.
Jade Preston says
£15 from £368? What a joke. You said lower you never said it wouldn’t be worth it. We’ve waited months and months to be told we’re getting nothing. I’m actually fuming.
Lucy says
Fuming also!! 34 from 803!!!
Mr Ben Dover says
£75 for me. Going to spend it all on lottery tickets & a bottle of what the owner of Grant Thornton will be drinking tonight. Champagne!
Ian barrow says
Relived it’s over 4.3 is better than expected I always thought I was unlucky but this is a god send but all thanks to sarah for keeping us sane thank you sarah and all of your readership brilliantly done .RESPECT
brendan monnelly says
Not sure if I’m the first but
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 £114.03. Your payment represents 4.3p in the £ on your agreed claim value of £2645.12.
P
Kim says
Same here email confirming 4.3%
Ashley says
66.86, next months aldi shop sorted 😂👍🏼
Kamil says
So if my maths is okay they will pay out only around 20 million pounds to us. Let me explain. 390000 people were own 460 millions pounds from wonga and they will pay out 4.3 pence to 1 pound so basically is 4.3% and 4.3% from 460 million is 19780000 and they said it will be 45 000 000 to be paid out to us. Something is really wrong about it.
Geri says
£23.88 is what I got. Cant believe I have wasted so much time checking emails and filling out forms. I earn more than that in an hour! Thankfully I’m in a better position financially and professionally than in my wonga days. I’m gonna use the pittance to buy a bottle of prosecco and toast wongas demise!
Dean says
Yes definitely confirmed, just received my email. Redress amount was £2708, I will be getting £116,78 within 4 weeks from the email. Pathetic but better than nothing I guess, but shame on the government for letting them get away with it.luckily I have been successful with some other claims including a substantial payment I received from LS last night.
Good luck everyone and thank you Sara for your amazing support and patience in dealing with so many people.
Sally says
£448 from £10300 owed! Original complaint raised 5years ago. Thank you Wonga and the FOS for stalling until you went bust. Will invest it wisely on new shoes for my little boy and England winning the 6 nations!!
kayla says
yes im in same position put the claim in in 2016 and they dragged it out right til they went bust now im getting £111 wish id not bothered tbh been more hassle than its been worth!
Khali says
I’m just glad I spent an hour on and a half on the phone to them to update my bank details! Especially as this was at half 5 today and the email states they won’t accept any more bank changes. £170 is better than nothing!
Thanks for this Sara it has been really useful for me today as I gave up after 30 mins on hold but was encouraged by people saying they got through eventually.
Lisa says
Just had mine £118. Was hoping for 10p in the £ but will take the £118 as better than nothing.
simon says
I understand people’s frustrations with the % pay out, and to be honest disappointed but not surprised ( it could have been 0p ! ). My complaints were knocked back 2 years ago by Wong so a few hundred is better than nothing. Anyway back into battle QQ Next !
Disappointed for those that seemed to be relying on refunds hitting their accounts this friday, lets hope that happens !!!!
Craig says
Still no email, ah well here’s hoping for a decent payout for mine and my wife’s 10 years of provident loans each.
hayley stacey says
I got a great payout from provident a 3409 loan wiped and a cheque for £15000 took 2 years though lol
Craig says
That’s really good, we have had loans of about 1000 each for the last 10 years. Hopefully it doesnt take as long.
Emma says
Hi can I ask how you claimed from provident please.
Thanks
Craig says
I used the link at the top for door step loans.
Anger says
Administrators fees. £2.2 million.
F U.
Richard says
i been on this site all week yes i got the email yes it’s conturandly small but it is still better than nothing. nice seeing the posts i can relate alot to gambling issues mental health etc. tbh wish the email didn’t come had more fun with this site. nice one 🐫 good job.
Ricky 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 £183.39. Your payment represents 4.3p in the £ on your agreed claim value of £4254.19.
Fox says
You will receive a payment of £45.72. Your payment represents 4.3p in the £ on your agreed claim value of £1060.63.
Rubbish
stephen g says
here it is
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 £66.13. Your payment represents 4.3p in the £ on your agreed claim value of £1534.04.
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.
feeling disappointed