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Wonga repayment - Could I claim?

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  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    MerchantMariner wrote: »
    It would, though, be nice to see the Wonga default removed from my credit file.

    With a DMP on file. A single default pales into insignificance.
  • enfield_freddy
    enfield_freddy Posts: 6,147 Forumite
    a friend of mine defaulted on his payments a good few yrs ago , possibly coming up to 5 yrs , he has a default ETC , if Wonga write to him , offer a lump of money etc and he replies , will this restart the 6 yr clock?


    his intention was just to keep his head down for another yr or so
  • Gaz83
    Gaz83 Posts: 4,047 Forumite
    1,000 Posts Combo Breaker
    enfield_freddy wrote: »
    a friend of mine
    That old chestnut, eh? :rotfl:
    "Facism arrives as your friend. It will restore your honour, make you feel proud, protect your house, give you a job, clean up the neighbourhood, remind you of how great you once were, clear out the venal and the corrupt, remove anything you feel is unlike you... [it] doesn't walk in saying, "our programme means militias, mass imprisonments, transportations, war and persecution."
  • enfield_freddy
    enfield_freddy Posts: 6,147 Forumite
    yup , but true in this case
  • jon1555
    jon1555 Posts: 100 Forumite
    enfield_freddy wrote: »
    a friend of mine defaulted on his payments a good few yrs ago , possibly coming up to 5 yrs , he has a default ETC , if Wonga write to him , offer a lump of money etc and he replies , will this restart the 6 yr clock?


    his intention was just to keep his head down for another yr or so

    The wonga site says that if they shouldn't have lent then they will remove defaults etc, effectively making it look like they had no loan.
  • MerchantMariner
    MerchantMariner Posts: 39 Forumite
    Debt-free and Proud!
    Thrugelmir wrote: »
    With a DMP on file. A single default pales into insignificance.

    As true as this may be, it's more a matter of personal pride than anything else. I got myself into trouble during a difficult time in life. I'm on the cusp of getting myself out of it. While removing one default will make little difference, three defaults still sounds better than four.
    Debt (Worst): £8,500 CC/OD/PDL plus £4,500 HP = £13,000
    Debt Free since October 2014!
  • Gaz83
    Gaz83 Posts: 4,047 Forumite
    1,000 Posts Combo Breaker
    jon1555 wrote: »
    The wonga site says that if they shouldn't have lent then they will remove defaults etc, effectively making it look like they had no loan.
    Not quite. It will still show on the credit history that a payday loan has been taken out. Even though it won't show as a defaulted loan, it will still look poor to many mainstream lenders.
    "Facism arrives as your friend. It will restore your honour, make you feel proud, protect your house, give you a job, clean up the neighbourhood, remind you of how great you once were, clear out the venal and the corrupt, remove anything you feel is unlike you... [it] doesn't walk in saying, "our programme means militias, mass imprisonments, transportations, war and persecution."
  • Ed-P
    Ed-P Posts: 107 Forumite
    My friend had to get payday loan advice for his Wonga debt because it got so bad. The website is great if you think Wonga won't write your debt off and you are worried about repayments.

    I almost got a payday loan out a few months ago but after seeing what my friend went through, I decided to ask a family friend for a loan instead.
  • bargainbetty
    bargainbetty Posts: 3,455 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    I thought they were writing off the interest costs and fees rather than the whole loan? I'm sure that people are required to repay the actual sum borrowed (if they haven't already in interest payments), and it's the rest that will be paid off.

    If they wrote off the capital as well, surely they'd go bust?
    Some days, it's just not worth chewing through the leather straps....
    LB moment - March 2006. DFD - 1 June 2012!!! DEBT FREE!



    May grocery challenge £45.61/£120
  • Ed-P
    Ed-P Posts: 107 Forumite
    bargainbetty wrote: »
    I thought they were writing off the interest costs and fees rather than the whole loan? I'm sure that people are required to repay the actual sum borrowed (if they haven't already in interest payments), and it's the rest that will be paid off.

    If they wrote off the capital as well, surely they'd go bust?

    They are writing off the whole loan for some people
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