On the brink, but still fighting

Tixy

uberfrugal wrote: »

Question, though. What will happen when wonga try to take the money? They will come after me?!

They will them write and email you to chase you for payment. You'll need to write to them explain that you are unemployed and have no income to repay them at the moment. You might want to speak to one of the debt advice charities (if for no other reason that you can then say to wonga that you are seeking advice from one of the debt advice charities).

possible short term template letter - http://forums.moneysavingexpert.com/showpost.php?p=21937969&postcount=52

uberfrugal

Thanks for you help. I will look into both on Monday. I have already paid off 30% of the loan so maybe it will look good on me, although I still feel shady evading them. I just hope i find a job ASAP.

dory22

have you looked into a lodger or even better taking in students from foreign language schools, you don't have to declare it to the mortgage company as they are classed as temporary visitors, my parents, sister and uncle all take in students they get £72 per week per students there are different rates depending on ages, we get students from EF. it could an idea, my sister takes in 3 at a time long term and gets over £600 a month which covers her mortgage.

baby_steps

Dont pay the payday lenders. Register with step change debt charity.
Your story is just like you living my life word for word.
1. Contact step change to do your budget
2. Ring your bank say you lost your card. Payday lenders cant access the money then.
3. Step change will give you a cancelation of recurring payment authority to go to the bank and creditors.
4. Interest will be frozen in most cases as not a priority bill.
5. Change your mobile number so creditors cant get hold of you, in the interim tell them to contact step change.

My mortgage was £9876 in arrears with 13 payday lenders and 3 credit cards, 5 children and just my husbands £265 a week.
Thanks to step change in 7 months we are just 1 month behind. Children are sorted. Money still tight but ..... much much much better xxxx
Good luck. Xxx

uberfrugal

baby_steps wrote: »

Dont pay the payday lenders. Register with step change debt charity.
Your story is just like you living my life word for word.
1. Contact step change to do your budget
2. Ring your bank say you lost your card. Payday lenders cant access the money then.
3. Step change will give you a cancelation of recurring payment authority to go to the bank and creditors.
4. Interest will be frozen in most cases as not a priority bill.
5. Change your mobile number so creditors cant get hold of you, in the interim tell them to contact step change.

My mortgage was £9876 in arrears with 13 payday lenders and 3 credit cards, 5 children and just my husbands £265 a week.
Thanks to step change in 7 months we are just 1 month behind. Children are sorted. Money still tight but ..... much much much better xxxx
Good luck. Xxx

Thank you for the tips, it sounds promising. I will do that.

RE the lodging suggestions: my flat is too small for a lodger, the mortgage is only £392 because it is a 1 bedroom flat.

sourcrates

Stop paying Wonga immediately, Advice above is all good, but sometimes just cancelling CPA does not always work, and Wonga will still debt your account, report your debt card lost/stolen, your bank will send you a new card, details of which Wonga will not know, despite some people saying constant payment authority still applies, it doesn't, it does not transfer from one card to another, it just applies to original card, some unscrupulous companies still try to grab there cash by setting up direct debts from your account and emptying it that way, although have to say never heard of Wonga doing that, but something to watch out for, decide what you can afford to pay, make your offer to them in writing, as long as its reasonable they will accept, ask them for there bank details and pay by transfer from your account to there's, that way no payment details account no`s etc are seen, that's how to deal with Wonga, good luck.

uberfrugal

sourcrates wrote: »

Stop paying Wonga immediately, Advice above is all good, but sometimes just cancelling CPA does not always work, and Wonga will still debt your account, report your debt card lost/stolen, your bank will send you a new card, details of which Wonga will not know, despite some people saying constant payment authority still applies, it doesn't, it does not transfer from one card to another, it just applies to original card, some unscrupulous companies still try to grab there cash by setting up direct debts from your account and emptying it that way, although have to say never heard of Wonga doing that, but something to watch out for, decide what you can afford to pay, make your offer to them in writing, as long as its reasonable they will accept, ask them for there bank details and pay by transfer from your account to there's, that way no payment details account no`s etc are seen, that's how to deal with Wonga, good luck.

I was debating whether or not to ring Santander to cancel the CPA or report my card loss/stolen or both. Regardless I am writing to Wonga by email tomorrow. 1 week before my repayment is due, after I've rang my bank. Problem is my registered address is my mums house 50 miles away so the new card will be sent there.
I could probably use my credit card which has £40 on it until then.

uberfrugal

I have cancelled my debit card and sent an email to Wonga using the template given above.

Awaiting their response.

I guess this is the starting point of my debt free journey.

I'm £840 into an £850 overdraft, owe £790 on a credit card and owe Wonga £560. Once I clear all of that I'm debt free.

baby_steps

uberfrugal wrote: »

I have cancelled my debit card and sent an email to Wonga using the template given above.

Awaiting their response.

I guess this is the starting point of my debt free journey.

I'm £840 into an £850 overdraft, owe £790 on a credit card and owe Wonga £560. Once I clear all of that I'm debt free.

:j well done . I hate payday lenders they are always such a quick fix and end up causing more damage . xxx

MissShoes

Read the thread and just had to post. Apologies if any of these have been mentioned/suggested/you've tried but it didn't work:

1) mortgage payment holiday- is this an option? Have you spoken to your mortgage company?

2) Delivery jobs- takeaway, flowers, packages, errands, paper round

3) Registering with every agency, checking gumtree (depends where you're based, I'm in London and there are new jobs almost every hour)

4) Contacting old employers- do they know of anything going? Ditto old colleagues

5) Emailing CV (including degree) to old employers/colleagues/uni mates/any business contacts

6) Assets- what have you got that could raise any kind of short term funds? (I'm just double-checking- I know the PDLs suggest this isn't the case)

7) Flat- too small for a lodger- is the lounge a separate room? If so, rent out your bedroom and move into the lounge? Lots of people happy to live where there isn't a lounge, just communal bathroom and kitchen. If not, what about renting your sofa out for the night? I think some people manage £15-25 a night for this but again it depends on area and demand

8) Job Centre- what are they saying about benefits/jobs- are you down there regularly?\

9) Any new shops or businesses locally? Go and introduce yourself- hand over CV

10) Pet sitting, baby-sitting

11) Shopping, chores, errands for local people- perhaps elderly or less-able/busy people?

Just the top of my head ideas- sorry if not helpful. Just imagining what I would do if in a similar situation (also in a one bedroom flat but with a separate lounge which I would rent as a room- hence that idea)

Will keep thinking

Shoes x