Wonga not paying up

Willow_K

LeicesterRed wrote: »

Unfortunately however the DMP's take your disposable income, so we can't save up for emergencies such as the house moves - so when something like that happens and you suddenly have to find well over £1000 to move (for van hire, petrol for driving back and forwards whilst moving, deposits, 2 months advanced rent, etc.) there is no option other than to get credit from somewhere.

Actually a responsible debt management company should suggest that you have a payment towards an emergency fund in your statement of affairs. Unfortunately, fee paying companies would much rather get your money in their pockets.

Yes, you got burned with Payplan, but you were on a DMP so your credit rating was trashed anyway.

Seriously - look at swapping to CCCS - as rdchick says they allow you to take a payment holiday if emergencies crop up and are better at negotiating with creditors to freeze interest and charges etc so you can get your debt paid down quicker as they have no interest in keeping you on a plan any longer than needs be.

Poosmate

Ok I'm not on a DMP but I've been around the Debtfreewannabe board for a while and to me it sounds like your DMP provide is screwing every single penny they can out of you and not treating you very fairly at all.

I've filled in the CCCS income/expanditure sheet before, I can't remember exactly what the outcome was but I think it was that I didn't have enough money left to pay my creditors. I remember thinking how mad that was because I was (although it was a hard struggle) and am now paying off more than the minimums plus I am paying interest! The reason I hadn't got enough disposable income was because they wouldn't accept zero for certain areas of expenditure. Like "put £10 in Medical/dental section" - I haven't used a prescription in about 18 months nor paid a dentist for a few years! So there's an extra £100 minimum for my debts! £20 for clothes? I think I spent about £50 on clothes in 2010 otherwise it's Christmas/birthday vouchers or my sisters cast offs! (Good job I'm not a bloke!). £10 for haircuts? Can't remember the last time I went to a salon or had anyone round to cut my hair - I let my sister do it once but her 3" is about 9" longer than my 3"! I do it myself now or get mom to trim it!

I am certain with CCCS they tell you to put "nominal" figures into these fields of expenditure but you don't spend all of these amounts on their allocated expenditure every single month.

What I am trying to say is that they build into their income/expenditure a degree of "over-expenditure" so that you are able to cope with what life throws at you - even an allowance to build an emergency fund. The thing is though, I don't think people actually seperate these costs in reality and it just gets used up with their groceries etc. This is understandable and easily done. I mean, you would have to be quite anal to actually follow such a budget to the letter.

Basically, give CCCS a try.

Poo

P.S. I always chuckle when it says "Post Quick Reply". Sorry, I just talk a lot!

heather_helo

if your circumstances have changed - e,g move to a house with higher rent, council tax etc, surely you should be able to get re-assessed, and maby reduce the amount you pay towards your debts untill wanga etc are cleared. might just give you some breathing space.

LeicesterRed

Thankfully, as expected, I'm now out of the PDL trap Got paid for the months of hard work I'd done in my spare time, which means that the repayments I had to make out of this months pay have now been covered, as has what I borrowed off my parents. Unfortunately it does mean I have nothing left out of what I got paid, but getting the loans paid off was more important.

Hopefully the next lot of work I do will help me pay off some of the debts, though I'm sure something will come up.

I certainly won't be getting myself caught in the PDL trap again, valuable lesson learnt.

[Deleted User]

I am so glad for you :T good to see it pan out well

Most people live hand to mouth - sad fact of live but it is also a great challenge to be had I keep telling myself that, even when I get down to my last quid there will always be alternatives first before these loans

Here's to the future and wish you all the luck in the world :beer: