Default!

crackster

Am note sure if this is in the right place but i post any ways.

From the top i got a 800 pound loan from WONGA Yes i no stupid!!

then i lost all my over time and work and had hardly no hours and loads of other bills to pay i rang wonga and they said i could set up a payment plan and pay so much off a month i said that's great and i did that any ways its all paid off i paid the amount they asked for every month. but now i have a default on my account. but which also says satisfied i contacted wonga saying i paid all the money monthly on the payment plan they made and i never broke that. they said it was set to as it took over a year to pay back and they can remove it. they never said i would receive and default over the phone or did i get any letters is there any thing i can do to remove this or am i stuck with it?

thanks michael

Apples2

You did default exactly as they claim. To avoid a default you must pay as you agreed when taking the loan.

How would it have been different if they told you at the time?
You must have claimed you didn't have any money to repay your loan.

Janie4Now

Sorry, OP.....but what Apples says is right. You did default on your loan. You might have settled your loan now but you didn't pay it according to the terms.

crackster

ah right just i thought setting up a payment plan made it so they cant do that and i thought they have to send u a letter to say your gonna get a default?

dtsazza

Nope - if you fail to pay according to the terms of the original agreement, you have defaulted, and Wonga can(/must) report it to the CRAs as such.

Besides, as Apples says it wouldn't have made a material difference either way whether they sent you a letter or not, since you weren't able to pay the loans, so couldn't have chosen not to default regardless of what information you had.

Treadmill

It should show arrangement to pay rather than default on your credit file, they should change it but whether they will or not, bearing in mind the type of people they are isanother matter.