Wonga lol!

sharpy2010

Apples2 wrote: »

Not really something to "lol" over though.
These Companies charge a fortune to those people who simply cannot control money.
To log back in you have the temptation back again.
Maybe you feel boosted that Wonga appear to trust you as a good customer so maybe just another small loan as they are so friendly?

No, I can assure you that it isn't something to lol over, especially when trying to pay them back a fortune...

However, when you don't owe them anything, I think you are allowed to lol at the whole thing :-)

sharpy2010

conisme wrote: »

I learnt my lesson with Wonga before I would rather drink water and eat beans for a few days than go near them again.

If I had the choice of eating *something* rather than go to Wonga, then that is what I would also do.

sharpy2010

katyfrandsen wrote: »

Wouldn't suprise me if Wonga started lending out higher amounts, think of the interest theyd make!!:mad:

Its a possibility, but think of the amount of interest like you say. A loan of £3000 would have £30 PER DAY being added to it. There is almost zero chance a loan that big would ever get paid back by most of Wongas customers, I would imagine!

sharpy2010

UsetheFORCE wrote: »

Agree with you sharpy2010, Wonga and any PDL Loan are not generally an issue if you borrow say around £100 but anything more and you will set the wheels in motion for a very big crash further down the line.

They're certainly useful for small amounts, and used correctly and paid back on your payday. The problem is so many people dont pay them back and keep rolling the loans over. I don't, however, think that is completely the PayDay loan companies fault...

27col

My comments were not aimed at you personally sharpy. They were my general opinion about the whole concept of PDl's. I still say that people need to amass their own buffer of cash, to fall back on, during hard times. That way you have access to some money that you do not have to pay exorbitant interest to borrow. If you can afford to pay the interest then there is no reason why you should not be able to save up a bit of a financial buffer.
But I am obviously wasting my time suggesting it to you as a way forward. It is a matter of complete indifference to me how you run your affairs.

castortroy28

Hi all,

I guess the main thing for me. Maybe someone correct me here or not but when you borrow from pdl.. it screws up your credit history? I mean it will be hard for you to get a mortgage or other regualr credit from now on?

Gordon_Hose

Some mortgage providers don't like to see the use of payday loans on credit files.

Peelerfart

27col wrote: »

If you can afford to pay the interest then there is no reason why you should not be able to save up a bit of a financial buffer.

that four letter word (s*ve) isn't allowed on this board.

Really 27 you should know better

27col

Sorry PF, I was just having a senior moment.

hone123

27col wrote: »

My comments were not aimed at you personally sharpy. They were my general opinion about the whole concept of PDl's. I still say that people need to amass their own buffer of cash, to fall back on, during hard times. That way you have access to some money that you do not have to pay exorbitant interest to borrow. If you can afford to pay the interest then there is no reason why you should not be able to save up a bit of a financial buffer.
But I am obviously wasting my time suggesting it to you as a way forward. It is a matter of complete indifference to me how you run your affairs.[/QUOTE

Why do people feel they need to get onto that high horse, I have 5 kids I work hard to provide for my family, but sometimes I need that bit extra to get us through p..personally once all bills paid shopping and buying thing that my kids need I've not got anything left at the end of the month, so being able to save for a rainy day is impossible perhaps you need to get down off your horse and get back to reality