Will it be on my credit report?

MoreReps

Hello folks,

I stupidly have got myself into a pickle with Wonga. Payment isn't due for another week or so, but looking at other stuff financially it would look like I am going to struggle making full payment.

If I come to an arangement with Wonga in terms of spreading the cost over a few months, will this be placed on my experian/equifax credit report?

Thanks

orcocan

their interest rates are just extortionate, try to make every effort to pay it back, sell stuff on ebay, and re-plan your life to make sure you can live within your means and save a bit every month

"coming to an arrangement" might seem the easy way out right now, but it's the worst thing you can do, at those interest rates it can just spiral out of control

start posting your SOA here if you wish, a lot of people will be happy to give you good advice

best of luck :-)

[Deleted User]

I don't think it will be on your credit report so long as it's agreed.

For example if you didn't pay and made an offer of X per week that would default and appear.

But if you call now and change the terms + lots more interest im sure, then I think it will be okay on your report.

Not nice situation at all.

MoreReps

Appreciated thanks.

Going to get in touch and see what's what.

redpete

I'd be more worried about the additional cost you will be incurring now than on a possible mark on your credit record that might affect something you might want to do sometime in the future.

MoreReps

I would tend to agree Pete but due to a career move in the near future I need to clear my credit report up as much as possible, if this means that I have to cut back spending because of charges, it's my own stupid fault and I will learn the hard way.

Appreciate replies so far, thanks folks.

MoreReps

Just to update you guys, came to an arangement with Wonga who have frozen the interest and I am paying managable amounts every month.

Thankyou for your help folks