Wonga.com, Can't Repay Help.......

MadManCalpol

Hey guys,

My first time here, although i think i should have come here a long time ago......

I have been getting loans with Wonga.com for a while, pay it off on my payday then get another.

This time i won't be able to afford to pay it back, since i have just moved into a new place with my girlfreind and need to pay rent and other things.

Its due on Saturday 26th Feb Total: £425.03

How can i stop them from taking it from my account, and then sort our some sort of repayment plan ?

I am in contact with the CCCS, about going bankrupt but until, i know all my Outgoings they can't do nothing, but i should know all of that within the next week.

Thanks

Deep_In_Debt

Hi

I'd suggest changing your bank account so Wonga can't touch it.

Good luck.

NeverAgain_2

Bankruptcy can happen quickly.

If that is the right option for you, you will almost certainly be able to declare yourself bankrupt before the Wonga loan is due to be repaid.

Include it in your outgoings when you speak to CCCS.

mrs_skint

Hi Madman

First thing you need to do is open a new bank account - Halifax and Co-op both do good basic bank accounts. You have plenty of time between now and the 26th to set it all up, they will try to raid your account otherwise. Then give them a ring or email them and let them know that your circumstances have changed and that you would like to set up a payment plan. However, if you have been talking to the CCCS they will do all that on your behalf and you won't need to speak to them but they might ring you anyway. If they do refer them to the CCCS. Just make sure you close your old bank account so they can't get their hands on your money.

Deep_In_Debt

Sorry, just re-read your post. I'd just change the bank account and offer token payments until you go BR if that is the route you are intending to do. No point in offering repayments if you are thinking of going BR - you could use this money to save up for the BR fees. Just my opinion though.

MadManCalpol

Is it not possible to get my account number changed with my current bank Barclays ?

Don't really wanna change banks if possible

CommitedToChange

I believe that the general opinion is to get a new basic bank account with someone who has no connection to any debts you might have. Do you have any with Barclay's? Also they may not let you keep your account if you go bankrupt. I've read thats lots of people get their accounts closed as having BR is not allowed with the account they have.

MadManCalpol

Sorry, when i said BR, i am gonna go down the route of Debt Relief Order.

Thought it was the same kind of thing but after looking online i found out it isn't

JCS1

mrs_skint wrote: »

Hi Madman

First thing you need to do is open a new bank account - Halifax and Co-op both do good basic bank accounts. You have plenty of time between now and the 26th to set it all up, they will try to raid your account otherwise. Then give them a ring or email them and let them know that your circumstances have changed and that you would like to set up a payment plan. However, if you have been talking to the CCCS they will do all that on your behalf and you won't need to speak to them but they might ring you anyway. If they do refer them to the CCCS. Just make sure you close your old bank account so they can't get their hands on your money.

If you're going for BR or a DRO, avoid Halifax. They have a strict no bankruptcy rule and will close your account.

The only BR friendly banks are Co-Op and Barclays.