I was surprised to see that there were quite a large number of searches being made in Google for the “Wonga Scam” term and so the objective here is to simply address this concern. Is Wonga a scam? No, Wonga is not a scam. Wonga is perhaps the most trusted payday lender operating globally and they are the top recommended lender here for the outstanding service that they provide here in the UK. You may wonder why the Wonga scam term is popular and just who is entering such a term into Google. Well I will provide a few suggestions for this here. For one, Wonga has quickly grown into the most well know payday loan lender in the UK that has had massive boosts from their regular TV ad campaigns and from their sponsorship of Blackpool FC. People who may not have used payday loans before may simply be curious about Wonga with the loan product perhaps sounding too good to be true.

Since Wonga has become arguably the most popular lender in the UK, naturally the frequency of these questions being asked will be more common. All payday loan lenders receive terrible press in the media and naturally the big name will become a primary target of such headlines, leading to doubts in some minds. Other popular loan companies have scam queries such as “FLM Loans Scam”, “Yes Loans Scam” and so on. I checked a popular forum where some “Wonga Scam” questions were being asked and the scenario is quite similar to that of FLM and Yes Loans noted above. All of these companies are providing loans for those with bad credit profiles. Naturally, some of these borrowers would be troublesome and when it came to paying up the owed debts, this was simply was not done. It was no surprise that such defaulters were the biggest complainers on the forum.

If you do default on a payday loan then expect such companies to chase you with letters, with phonecalls and to hit you with late charges. As noted, the majority of the complaints were arising from such people who had defaulted and the same thing happens with FLM Loans, Yes Loans and most other popular subprime lenders who take on greater risks. Wonga is certainly not a scam and is in fact one of the most responsible and trusted payday lenders in the industry at this time. A 2011 document stated that Wonga had already processed well over 1.5 million loans at the time and they can even boast: “95% of our customers are satisfied or very satisfied with the service they receive!” How many banks and others major lenders could say the same? I believe that the industry average satisfaction rate is 61. As a final note, just remember to always be fully responsible to the debts that you take on. If you aren’t, no matter which lender you use, this debt isn’t going to just go away.

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