Can i trust Wonga.com?

Jeff_Bridges_hair

Rubyrama wrote: »

Hi Emma,

I'd think very carefully about this. Is there a credit union where you live? Could you approach them for advice? There was an article about Wonga in the Sunday Times this weekend just gone- google it and make up your mind then. I wish you the best of luck.

Ruby

The problem with credit unions is that you have to have saved with them before they loan you any money. So stop thinking about them.

As others have said - If you can afford to pay it back on time then do so.

The 2000% APr or whatever means nothing in the short term so dont be put off by that.

Johnny_Barnes10

I've used a similar one (loans till pay day), charged me £30 for every £100 borrowed. Wouldn't advise for long term, and you only get stung if YOU don't make the agreed payment. No harm done if it's a one-off.

Mikek_3

Dont do it

KingElvis

I wouldn't trust the payday shysters as far as I could spit a rat if there's any doubt at all you won't pay back.

You'll end up in a spiral of misery and be in a very dark place.

Emmzi

any video games dvds etc to cash convertors
any coins down the back of the sofa
any old gold down the jewellers
then loaf n beans from lidl

very few stories here of "it was easy and handy"

Many of "how did I end up paying back 20 times what I borrowed?"

Errata

Borrow off family/friends for cash to get to and from work and live on beans on toast/spag bol/mashed spuds/cereal for the month. It won't be pleasant. It won't kill you, but a payday loan may make you wish you were dead.

Peelerfart

Errata wrote: »

Borrow off family/friends for cash to get to and from work and live on beans on toast/spag bol/mashed spuds/cereal for the month. It won't be pleasant. It won't kill you, but a payday loan may make you wish you were dead.

All of a sudden spag bol sounds really,really nice!

:beer:

WhiteHorse

Emma92 wrote: »

I usually manage ok, just, and don't need to think about loans. This month however i've had a few extra things to take care of and although i've recently been paid, i'm pretty much out of money until the end of Feb.

Straight question, straight answer.

You have enough. It's tight, but it's enough. If you go to any payday loanshark (and that's what they are), you are clean out of your mind.

latinaid

I agree with most of these posts - don't do it. If it really is just for one month, and as long as you are able to pay rent/mortgage, council tax etc, then do the best you can to survive. You can live off cereal, or banana sandwiches, and if you have good friends they will have you round for a meal if you confide in them. If you CAN'T pay rent etc, then you're in a different situation, but maybe you could talk to your bank? a temporary overdraft would be better than Wonga. In fact, going cap-in-hand to your family would be better than Wonga.

Good luck. :)

Harley80

I'd agree and say don't do it as well. As others have said do what you can not to use them. Even if you don't have trouble paying it back you will then find yourself that amount of money short from your wages as soon as you are paid. It's then far to easy to think about getting another one to tide you over to the next payday before you know it you have done it four or five months in a row. You only need to have an emergeny come up like you have this month where you have to find both the Wonga money and whatever emergency situation costs and fin you are in an even worse situation.

I love the expression shyster as someone used above, but I would agree with this being the perfect the term for these lot.