wonga mess

malcolmffc

AP means Arrangement to Pay. It lets other lenders know you had to negotiate a repayment plan with the lender, but did not fully default.

paydayidiot

thank you. is that permanent?

one other thing, obviously the fact that i have used them is not a good thing, but is it really that bad? if i manage to pay it off without defaulting, it will mean that i have used them for about 6 months in my whole life. surely that can't be as much of a black mark as a default, or have as much permanency, or am i being naive?

Cycrow

lenders will see a payday loan and assume that you took one because you cant budget properly and might struggle with repayments.

one on its own is not so bad, but multiple ones will be a warning sign and can effect your ability to get credit.

The older it is, the less relevance it'll have and will be removed from the file after 6 years