Repaying wonga ....

cottonhead

I have been stupid enough to take out a payday loan and I have learned my lesson well and truly so please no lectures, I just need advice. I actually feel ashamed, embarassed and dirty would be a good word to use too.

Now I owe £1130 on the due date but I only get paid £990. I could get the £1130 if I add my salary to the money my husband gives me for bills and then take out a smaller loan and reduce it that way each month.

They cant take the money as I changed bank accounts ( not to avoid them - it was for an unrelated reason ) but I want to know if I ask to pay back in reduced installments are they likely to accept / will the interest still get added and make the balance even bigger and will it show as a defualt on my credit file . The default is what I am trying to avoid the most.

regret70

Cancel your card or they will clear you account. Email balanceoffer@wonga.com with your offer of repayment.

It worked for me

Good luck

cottonhead

Thanks regret I will drop an email and see what they say. I want to repy them asap and never use another pay day loan but Im just a bit trapped right now.

Tixy

They should accept a reduced payment plan, because they cannot get funds from your bank account.
But they may well issue a default on your credit file.