Wonga :\

flexrider

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.

Please do no think my reply on your attuide is a troll attack-Firstly it aint it is just my opion on the matter

You state the company are a bunch of muppets and like someone has asked if you think that then why are you using them.

Local CAB cannot do much they can only advise you on the best route to take. work out how much in a offer to the company you can afford to pay back. Since wonga's terms and conditions are that you have taken a loan for their APR rate of loan and the agreed date to pay it back it is pretty air-tight agreement. Like many have said on here they will just pester your bank leaving your acount with whom you bank with into problems. The only way round this is by asking your bank to change your debit/credit card 16 digits on the card which may work but may not also since the payments are linked to your bank account numbers and sort code, Worth checking with whom you bank

Secondly if i was in your position i would not use any of these quick loan companies and ask yourself what is important (For example putting food on the table) and considering selling off old items down cash converters or them places. I know the op is against this but when you are low on cash and have no alternative i would do this to put food on the table or pay off whats owed then start to save again to replace what you had to sell. better then Big Bob The baliff turning up and his chums to recover the debt.

In This day and age and how everything is going now i would consider other options of getting the cash overwise you will be facng the following

• wonga asking for the loan you had and resulting in charges more then the loan is worth by your bank or worse the bank closing your account down and leaving you with another problem
• since you are finding it hard to pay it back from what i gathered(maybe wrong sorry if i am) However its better to get the debt sorted now before it gets any worse.
• Wonga will wait for a short while ask for the money from bank if it gets declined then they go the route of a DMCA recovery management (like moorcroft who are ASoles and a "defult" marked on file of your credit agancy. and they have the right to do so because you signed to their agreeement of paying it all back on the applicated date

sharpy2010

The OP has a serious attitude problem.

barbarawright

Doesn't sound as if the OP is going to ring Wonga to ask for help

https://forums.moneysavingexpert.com/discussion/comment/45743614#Comment_45743614

KingElvis

LOL I'm sure Wonga are shaking in their boots as they put bad payer info onto your credit history (so that even shysters like them won't lend to you)

Also, they have their methods to get the cash back and they're very effective.

vaporate

pcombo wrote: »

Them muppets helped you and your family out.

Yeh right. Hardly. More like making a huge profit. Hardly helping.

Strictly business.

vaporate

KingElvis wrote: »

LOL I'm sure Wonga are shaking in their boots as they put bad payer info onto your credit history (so that even shysters like them won't lend to you)

Also, they have their methods to get the cash back and they're very effective.

Without breaking the law I hope.

Scum companies like these deserve to be put out of business.

CHR15

Cutting off the supply does not cut off the demand.

Okay, lets run with it. Close down all the PDL companes and high risk lenders.

People with a chequered history have a boiler explode or the car fails it's mot.
Lets just let them freeze in winter and walk 10 miles to work until they can muster the funds in a Months time.

They are going to go £50 overdrawn which will attract HUGE fees from the bank...much more than a PDL would cost them....Sod em! let them go bankrupt and get repossessed.

KingElvis

vaporate wrote: »

Without breaking the law I hope.

Scum companies like these deserve to be put out of business.

Judging by previous posts on here, their methods border on the iffy side of legal but as long as they get their cash back, plus fees, plus mega interest, they couldn't give a dead rats asss about the borrower or their "circumstances"

As long as people keep blowing cash on crud and mismanaging their finances, these companies will thrive.

Peelerfart

So the companies who lend the money out,telling everyone what they will charge and when they want their money back are "scum" and "muppets".

The people who "are not going to struggle to pay this loan back"

and who don't want "pestering phone calls every day and then a debt collector on their back"

and aren't "selling their personal belongings to pay these muppets back"

because they have decided that "they will get it back when they go back into work"

What does that make them, model citizens ?

vaporate

CHR15 wrote: »

Cutting off the supply does not cut off the demand.

Okay, lets run with it. Close down all the PDL companes and high risk lenders.

People with a chequered history have a boiler explode or the car fails it's mot.
Lets just let them freeze in winter and walk 10 miles to work until they can muster the funds in a Months time.

They are going to go £50 overdrawn which will attract HUGE fees from the bank...much more than a PDL would cost them....Sod em! let them go bankrupt and get repossessed.

That's life.