pay day loan - in trouble

newscientist

I am 21 years old and left home last year, i'm currently living in a houseshare with 2 other people. i'm in a reasonable amount of debt, but have contacted those credit card companies and they have been understanding. I lost my job about a month ago, and didn't repay a pay day loan to wonga. I originally owed about £125 on a £100 loan. When i called them to speak about it and try to come to some sort of agreement, they told me that i must make a payment straight away of £100 before they would even talk to me about it. I had no option but to say that i couldn't pay. I have recently had a text message from wonga and they have said that they are sending some body out to my home to collect my debt. I am worried. Please can some one tell me more about what will happen, any personal experiences would be great.

london_guy1976

Don’t be intimidated by them and DONT agree to them to make a visit to you if you feel you have no choice, you have many rights on your side that you must make clear.
Debt collectors who phone must identify themselves and they must not phone at inappropriate hours of the day. Debt Collectors Cannot:
Contact you repeatedly, Contact you late at night, Contact your workplace if you do not wish them to, Visit your home without your permission, Refuse to speak to a third party that you have nominated, Use threatening or misleading language, Repossess your goods or arrest your wages, Reveal to anyone your debts.
The law is on your side when it comes to harassment from debt collectors. There is a very simple way to stop constant phone calls from collectors. Write a letter to the company telling them to cease and desist from calling, they can then no longer contact you unless it is to inform you that they are no longer collecting from you or that another solution is being considered
The rules set down regarding debt collectors and your rights are there for your protection, and you should be fully aware of their powers and your rights against harassment
My advice would be to immediately call your local Citizens Advice Bureau, the Office of Fair Trading, and the Consumer Credit Counselling Service will all be able to give advice and information.

theartfullodger

If a large man arrives demanding money ask him to leave (politely & calmly) - do not let him in.
If he refuses to leave say you are calling the police then call the police. Try to get his photo if possible.

Wonga need a good kicking.

Cheers!

Lodger