What would you do with Wonga in this circumstance?

[Heropanda]

Have just signed up to Checkmyfile and as this is now picking up Callcredit information a massive raft of entries from Wonga has been detected on my account going back to last year. In all there are 15 settled entries and 1 open entry where the noted currence balance is £2121.

This would probably link back to a loan taken out for £1088 over a one month period so with interest would have been £1300ish. At the time they very aggressively sought money from my bank account, they managed to take over £225 direct from the account even after i had cancelled my bank card. I still don't know how they managed to take this money as it wasn't available and put me £200 overdrawn incurring a whole load of additional charges and interest.

This was around the time i was made redundant and life was in significant upheaval, so i'll admit that my actions weren't the best but when your life is falling apart then you don't always make the best choices.

This puts me in the situation now where it's just about to go to default (it may already have as the last entry was April and at a 6) and i imagine the debts will have risen to £2500 ish by now at their earlier rate of progression. I haven't heard from them in a long time and although i no longer live at the address every other bit of communication has been via email so i would have expected correspondance to continue via these means.So it seems my options are as follows:-

1) Ignore it, take the limited hit that it only seems to be reported on Callcredit. This option is feasible as i don't live at the address they have for me as i had to move out due to lack of a job.

2) Talk to them and offer a reduced settlement figure and negotiate the removal of negative credit information running the risk of starting a period of harassment from them.

3) Allow the debt to go to default and then challenge that the majority of the debt consists of penalty charges and extortionate interest. By my calculations the one month loan + interest would be £1300ish, they have taken £225 from me so the maximum balance i could be defaulted on should be closer to £1050-£1100 shouldn't it?

What would you guys do?I already have one default currently registered by Mackenzie Hall so i'm already a little bit buggered for a few years anyways, advice?

Edited June 17, 2011 by Heropanda

[rebel11]

Hi hero

 

The guys will be happy to advise as soon as they are available.

[harrassed senior]

Don't have much knowledge with regard to these loans, but, to be honest negoiating removing anything from a credit file unless you have proof positive, is really a non-starter.

 

I really can't offer any advice as to the options you list, so hopefully others with more knowledge will be along soon.

[devil501]

your actions wern't the best? Mate no one here will judge you. you've done nothing wrong!!the guys on here will no doubt advise you of the best way to go on. all i will say is i took onboard advice i have seen here and it's working! however nothing happens overnight so just bide your time (this is something i've had to learn since i have been here!)we are here for you mate!!