Wonga :\

chris34720

Hi

Wondering if someone could help me ive just been made redundant and have a family to provide for i stupidly took one of those pay day loans before i received a redundancy letter, i have borrowed off wonga before with no problems.

I am not going to struggle to pay this loan back i borrowed £350 and the interest is absolutly shocking £445 they want back over 38 days.

Last thing i want is pestering phone calls every day and then a debt collector on my back.

I aint selling my personal belongings to pay these muppets back they will get it back when im back into work,

someone told me if i ring them then can be quiet reasonable with these circumstances.

Im also thinking of going to my local CAB to see what they can do for me.

aimingforadebtfreelife

No, Wonga will not be understanding.

If you phone them to make an agreement they will say they cannot do anything until the payment falls due. By which time when you phone up on the day they will have already tried to take their money. If they are succesful they will deny you making that call and tell you to go forth. If they cant get all the money they will try to get 75%, if refused then 50% and so on. As they have your bank details they will try at anytime to get their money. You cannot cancel with yoru bank as a valid agreement has been set up. the only way out is to shut the account down and open up with another bank.

Do not mess with Payday companies or think you can take them on, you have a responsibility to your family and they will win.

Pay them and learn a lesson or they will ruin your life.

chris34720

really nice to know

cheers!

no one will ruin my life without facing the consiquences

mandi

Hi Chris you can contact National debitline for free and confidential advice http://www.nationaldebtline.co.uk/

Apples2

If you hate these muppets so much, why do you keep using their services to help you out?

I think you are very confused if you think THEY will be facing the consequences

Malky

OP, what do you think you'll gain by not paying them back?
You borrowed money, you knew how much you had to pay back but now feel like you're the victim.

pcombo

chris34720 wrote: »

Hi

Wondering if someone could help me ive just been made redundant and have a family to provide for i stupidly took one of those pay day loans before i received a redundancy letter, i have borrowed off wonga before with no problems.

I am not going to struggle to pay this loan back i borrowed £350 and the interest is absolutly shocking £445 they want back over 38 days.

Last thing i want is pestering phone calls every day and then a debt collector on my back.

I aint selling my personal belongings to pay these muppets back they will get it back when im back into work,

someone told me if i ring them then can be quiet reasonable with these circumstances.

Im also thinking of going to my local CAB to see what they can do for me.

Them muppets helped you and your family out.

aimingforadebtfreelife

The next scenario is very likely to come true:

You are shopping for the weeks groceries with your family, you get to the checkout and your card is declined. You leave empty handed. On checking your bank you discover that Wonga has took £445 after you thought the CAB had been in touch with them.

Wonga will bring you down before you bring them down.

Enfieldian

chris34720 wrote: »

really nice to know

cheers!

no one will ruin my life without facing the consiquences

Does that include yourself?

esuhl

chris34720 wrote: »

Hi

Wondering if someone could help me ive just been made redundant and have a family to provide for i stupidly took one of those pay day loans before i received a redundancy letter, i have borrowed off wonga before with no problems.

I am not going to struggle to pay this loan back i borrowed £350 and the interest is absolutly shocking £445 they want back over 38 days.

Last thing i want is pestering phone calls every day and then a debt collector on my back.

I aint selling my personal belongings to pay these muppets back they will get it back when im back into work,

someone told me if i ring them then can be quiet reasonable with these circumstances.

Im also thinking of going to my local CAB to see what they can do for me.

Thanks for letting us know. Shouldn't there be a question in there somewhere...? If not, that information might be better to a blog rather than a forum.

Anyway, I'm not sure that it's how I would proceed. If the last thing you want is to get pestering phone calls and a debt collector on your back, then it's strange that you plan to make little effort to pay back the loan, since that attitude is most likely to result in your least favourable outcome.

If you're in real crisis, have no savings/assets and have to rely on handouts to feed yourself, then I think there's some kind of law that says that your creditors can't leave you to starve - definitely worth checking with the CAB.

dreavi

So in Summary you are not going to sell anything to pay back your loan, you are also refusing to inconvience yourself in anyway to struggle to pay it back and you dont want to deal with debt collectors.

Oh and if they take their money you think they will suffer the consequences?

God I wish Wonga was publically traded I would buy so many shares, they are onto a winner