Wonga Acknowledgement

jeebs1990

I took out a loan with Wonga 4-5 of years ago when I was on jobseekers and could not afford to repay the loan. I now have a job and could afford to repay the loan but after talking with my parents they told me that my debt could be statute barred as it has been so long and they have not tried to contact me to reclaim the money that I owe, the problem is that I don't know the date that I took out the loan and the only way I can think of finding out how long ago I took out the loan is by logging into Wonga and finding out the date. So my question is would logging into the Wonga account be classed as acknowledgement of the loan?

splodgethefirst

I understand that acknowledging the debt is putting something into writing or making a payment. what it might do is rouse a slumbering beast and cause them to write to you looking for payment.

A debt is only statute barred after no communication or payments for 6 years.

Someone better versed than I will be along shortly i expect!

sourcrates

Hi,
Logging on to there website will not count as acknowledging the debt, as splodgethefirst says, the debt has to be six years old to become statute barred, that means no payments or contact within that period, my advice is if they have not bothered with you for this long, chances are they never will, let sleeping dogs lye, if you feel compelled to pay them, that's up to you, personally I`d wait and see if anyone gets in touch with you about it, if they do its quiet easy to stall them for a year/18 months, or you can pay up, your choice

[Deleted User]

Couldn't you check with your bank, to see when the loan went into your account?

moneymoron1

Why dont you log into your credit file and check the information that shows on there to see when the loan was taken out and when the last payment was made?

DevCoder

If you have the money, why don't you want to repay the loan back?

eyeopener2

Do not contact them unless they come a knocking. You will open a massive can of worms if you do.

Meanwhile just sit tight and let the 6 years run its course.

Naf

krisdorey wrote: »

If you have the money, why don't you want to repay the loan back?

For one reason, even if they have the original loan amount; how much will Wonga have added in charges before defaulting? High street banks add £100per month to an overdrawn current account; I bet Wonga would add even more. Hence the can of worms that other posters are suggesting would be opened.
If the OP is feeling generous, they could put the money they have now into a high interest bond for 2 years (until it definitely becomes statute barred) then write offering the original loan amount as payment, pointing out that no other offer will be made, nor would a court consider any claim.

eyeopener2

Or he could just ignore the thieving scum bags.

DevCoder

eyeopener2 wrote: »

Or he could just ignore the thieving scum bags.

Yes, because the lender is the one who hasn't repaid the money owed....

I guess I'm just a little jaded in that I was raised to believe that debts should be repaid, we were forced, by our morals, to sell our dream house to ensure that our creditors received what was owed (and that was unsecured lending).

Now it seems this forum is turning into an avoid paying by whatever means.

And before you jump on me, yes I do think that those in hardship should be shown due care by the banks and that those who have been treated unfairly (by the creditors not retaining legal documents) should be offered advice.

But those who have the means to repay a debt owed, should do so in my books.

*adopts tin hat*

John1993_2

eyeopener2 wrote: »

Or he could just ignore the thieving scum bags.

So the OP approached Wonga, asked for the money, agreed their terms, took and spent the money, then didn't pay it back, but Wonga are the "thieving scum bags"?

You really do have a distorted view of reality...