wonga help please

scottish251

hi i am going to write to wonga for a repayment plan due to a change in finances. i have a gambling problem but dont know what to say to them any help appreciated.

ive recently admitted my problem to family and seeking help.

im due wonga 1050 thats 820 loan + interest in 2 weeks and there is no way of paying this back all at once and cant extend it as i will be in the same boat next month.

im willing to pay the months interest and then repay the 820 original loan of at 80 a month do you think they will go for this?

any help would be great im in a pickle:eek:
thanks

scottish251

ps

when i am writing to them does anyone think i should fully admit my gambling problem to them or not?

ianders

From what I've read in other threads I don't think wonga will setup any kind of repayment plan until you default on a payment.
It's worth asking them though.

They'll attempt to take the lot on the day and if it's not available, they'll keep trying various amounts until they can at least get something.

scottish251

i have read people setting up before default. i will report my card as lost/stolen before the payment date. do you think i should tell the truth about my problem though?

Leon_Telford

I owed Wonga 800 and paid 100 a month off. They were OK with it. Did not write, ring them. Personally found them quite helpful.

scottish251

did you default before they agreed and did you report your card lost?

olivia84

hi scottish251,

i know there is a very helpful thread with some great advice about how to handle payday loan companies.

i reckon the first bit of advice you will get will be to immediately cancel your card as lost/stolen so that wonga cannot take the cash out of your bank in one fell swoop. one thing to watch though is that these companies often get you to sign up to a 'rolling authorisation' on your debit card whereby although you have cancelled the card, because you effectively authoirsed them to take money from your account as and when you owe them, they can force the payment through on the old card numbers! however, i got into trouble with payday loans last year, and although i cancelled my card and transferred any funds from the account they were trying to get the money from into my savings account, according to the bank, all payments were declined because they were using the old card numbers, not because of lack of funds, which would have shown up if they were forcing the payments through.

i myself owe wonga a grand total of £1194 since last may. i know i have not handled it the best way but i can only give you my side of the story. i have basically totally ignored them. i am not in denial and i know i still owe a debt to them, but i actually think that the more you ignore their letters/phonecalls/texts the more likely they'll be to accept any repayment plan you offer. i have not heard from them at all since last june. oh and they have stopped all charges - they added on a couple of hundred pounds before they capped them, but my thinking is; i would have raked that up in commission anyway if i kept going back to them month after month (which i would have had to)

my brother in law owed them £900 at one point last year, he cancelled his card; opened up a new bank account and phoned them to offer £5 per month which they accepted; he then gave them his new switch numbers to pay the first £5! (doh!) yip you guessed it - they took the lot that he owed!! only ever pay them by cheque/postal order or (like me) a bank faster payment or standing order.

personally what i would do, would be to cancel your card (and maybe even change your bank account if you can - certainly try and move the money out of the associated account every month asap)

ignore them for a few weeks (i know this will be frowned upon - and i'm not advocating running away from responsibilities)

WRITE to them (do not phone) and offer them what you can afford, along with an up to date income and expenditure list so they can see you are paying what you can afford. (personally, i think they'll jump at £80 per month)

well done on seeking help with the gambling, personally i wouldn't even mention it to them, it doesn't matter to them WHY you can't afford to pay them, they're only bothered that you can't, whatever the reason.

hope this helps and good luck with everything x

camuk81

Scottish, There have been stories of cancelled cards still giving money to Wonga. First things first get another account to pay any money into. It does have to be any thing fancy but just a basic bank account will do.

Leon_Telford

I disagree with some of the advice above, my personal experience with them was to ring them up 'lost my job etc' can I pay each month £100 on 20th, they agreed and the money has been paid.

I owed QuickQuid £100, did the same and paid £25 a month, ring them and they will email you a 'repayment' plan.

Wouldn't go through all the hassle of cancelling cards etc.

Ring them up, honestly found them quite helpful, as have found Barclays.

scottish251

ive sent them emails with a plan i willl let you know how i get on if anyone following this lol

angel_rainbow

My husband defaulted on a payment with Quick Quid and arranged a convenient repayment plan which put an end to all that horrendous interest.