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Wonga - repayment of a default
humanityfailsme
Posts: 2 Newbie
in Loans
Hi all, newbie to the forum here.
I had a Wonga loan (I know, I know) taken out in 2019. I defaulted on it but now with the company no longer existing, how do I pay it back? It is being reported still on my credit report as a default every month.
Wonga's site doesn't help
Thanks in advanced for any replies.
I had a Wonga loan (I know, I know) taken out in 2019. I defaulted on it but now with the company no longer existing, how do I pay it back? It is being reported still on my credit report as a default every month.
Wonga's site doesn't help
Thanks in advanced for any replies.
0
Comments
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As of 2019, Wonga`s administrators were looking at the possible sale of their loans books, to date I don`t know if this has yet happened.
They were initially trying to recover funds by offering large discounts to customers who had defaulted.
Debt Camel covers it here -
Wonga - the adminstrators' report - March 2019 · Debt CamelI’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter1 -
DebtCamel says that people can now get any Wonga debts "suppressed" from their credit record. Weird? See https://debtcamel.co.uk/correct-credit-records-lender-administration/1
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Thank you both for your responses. I will read these and decide on next steps0
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