Dealing with wonga!!

chris_debtfreewannabe

i have tried cancelling, but its a ridiculous price to cancel, anyway i can get around this?? the reason for two is i had one for the ex who im now no longer with and she gave the phone back bless her! and the three dongle is internet

GIBMSY

alright mate,

Not gonna lie, but im very much in the same boat as you, in quite a few ways, jobs, debts, problems.

but i too have come to point were it has got on top of me now. And im looking into getting a DMP as with that it really will kick me up the !!!! and make me stop my addiction and sort it out!!

With ya phones, ring up the company of the contract ur not using and tell them that ur not using it AT ALL. And they will drop it down to the minimum tariff possible (prob about £15, just done it meself)

Nihil

Might I make a recommendation? Don't go with a DMP, and if you absolutely must go with CCCS and cancel any active cards before notifying the payday loan companies.

If you enter a DMP your lender will likely claim it breaks the terms and conditions and set your account to collect in full, then sweep it on your pay date.

Most DMCs will also take ages to get round to paying the companies you owe money to, and take the first few months payments themselves. In this time your balance with those companies will not be frozen, and they will be unlikely to reduce interest or offer you any kind of deals as the payment plan will be negotiated by the DMC not yourself.

Anyway, just thought I'd point it out. It'll probably be much cheaper for you to enter into payment plans with the companies directly.

GIBMSY

Are you talking from experience then? As a DMP with CCCS is Free and 100% of the money goes on your debts.
Would it have a less of a affect on your credit rating if you just deal with the company?

redpete

chris_debtfreewannabe wrote: »

Any help would be greatfully aprreciated!

Dealing with the addiction to mobile communications would also help.£110 a month is madness.

chris_debtfreewannabe

alright pal, i also was looking into a dmp. although on here i found alot of useful information, the only thing i am really struggling with is the wonga and payday loans etc. So i have decided to contact them myself. So far i rang them tuesday and they sent me an email with an SOA. i sent this back and still waiting on a reply. hopefully i they will let me pay in instalments. i also have saving which i am going to take out, £300 to pay of both credit cards, to save me building up interest! from there hopefully its just a case of watching my spending, having money in the bank at the end of the month and paying of debts with it!

Good luck anyway pal!

Apples2

chris_debtfreewannabe wrote: »

alright pal, i also was looking into a dmp. although on here i found alot of useful information, the only thing i am really struggling with is the wonga and payday loans etc. So i have decided to contact them myself. So far i rang them tuesday and they sent me an email with an SOA. i sent this back and still waiting on a reply. hopefully i they will let me pay in instalments. i also have saving which i am going to take out, £300 to pay of both credit cards, to save me building up interest! from there hopefully its just a case of watching my spending, having money in the bank at the end of the month and paying of debts with it!

Good luck anyway pal!

I'm still completely bewildered why you are putting £25 a month into savings when you have such crippling debts to service you are looking at a DMP.

How much is in the savings pot and why aren't you using ALL of it to clear these hideous debts?
You're paying a LOT more than £25 a month just in added interest.

CTA_2

redpete wrote: »

Dealing with the addiction to mobile communications would also help.£110 a month is madness.

Fantastic advice. What a helpful soul/troll

redpete

CTA wrote: »

Fantastic advice. What a helpful soul/troll

So you think £110 a month on mobile phones & data is reasonable when someone is struggling to pay PDLs? Even if only one contract was cancelled then selling the phone would offset the cost of this.

£39 or £55 a month for a single contract is daft when someone has PDL problems.

chris_debtfreewannabe

Apples2 wrote: »

I'm still completely bewildered why you are putting £25 a month into savings when you have such crippling debts to service you are looking at a DMP.

How much is in the savings pot and why aren't you using ALL of it to clear these hideous debts?
You're paying a LOT more than £25 a month just in added interest.

i took this savings account out when i joined the army, it was with scottish friendly! i rang them tuesday and asked to cash the savings in which i am going to do when the paper work comes in! only thing is ive been paying into for 25 months and only get 370 back! work that one out?? on the brightside i am going to use the money to pay off both credit cards!