Need help with wonga please

[__mark__]

Hi every1, 3 months ago i was drunk and done a very stupid thing and got a £400 loan from wonga and put it on poker and lost it in minutes, been regretting it everyday, dont no wtf i was doing, im on jobseekers allowance and iv been paying it off and rolling it over every month and its at £503 now, how do i go about getting a repayment plan? i heard you have to not pay them and then they offer you a repayment plan i dont know if its true, if so do they add more on the loan because it bounced and how much would i end up paying?i think it would be best for me to try and get a repayment plan because its pointless i get £100 every 2 weeks and i pay all of it to wonga and by the time i get paid again its been a waste of time paying because its the same price and im not getting anywhere atal. i get paid tommorrow and i dont have enough to extend the loan its £117 to extend and i only will get £106 should i try extend it somehow or let it bounce so i can try organise a repayment plan if thats how it works, im not sure about any of this

just looking for a bit of help please. thanks every1

Edited April 3, 2012 by __mark__

[__mark__]

Hi every1 i got a loan of £400 from wonga 3 months ago and iv been rolling it over and been paying it off but im struggling, now i owe £425 on the 09 of may but i wont have enough to pay it off and i cant roll it over anymore, what will happen to me im getting stressed out thinking about it all the time, iv tryed emailing wonga a few times to setup a repayment plan but they wont even reply back. some advice would be much appreciated, thanks

[renegadeimp]

Don't worry. Keep sending an email each day. The same email too if you want. If they try and add charges and refuse to communicate, simply force them into court and tell a judge what they've been upto.

 

There's something going on with Pdls atm because multiple Pdls seem to be doing this.

[__mark__]

yeah i will keep sending an email each day, iv never had a loan before in my life an its so stressful, should of thought more when i applied for it, dear lesson to learn so if i wont have the money in time can the loan jump up loads or what will happen, i dont want bailifs or anythin like that

[renegadeimp]

Don't worry about it. By stressing you've fallen into their trap. For baliffs to call, they need to take you to court and win. That's a LONG way off. Plus you can prove you have tried to arrange repayment and they ignored you, preferring to pile random charges on you for no reason.

 

As for the rollover thing, ignore it. It's just a thing Pdls use to get more money.

 

A pdl loan is one of the lowest priority of debt you can get.

[__mark__]

thanks alot sir nice to hear from someone, been keeping it to myself, il do as you said thank you very much

[JOHNINYORK]

I was going to start a new thread,but I thought this one was quite appropriate.

For anyone who is worried about settling their account with Wonga,may I share with you my experiences.

I took out a loan with them in Feb/12,then a roll over in March.I should have made a payment of £359 today (29/04/12) to clear my loan.,which was obvious to me that I could not pay it.So,I sent them a message on their web site on 26/04/12 explaining that my hours had been cut at work and could I arrange a repayment plan without going into default.Needless to say,there was no reply.Friday,I phoned them up,explained my circumstances etc,etc.I was told that no repayment plan could be arranged,until I had defaulted on my loan repayment.Take your money out of your account,or we will take it all.Then they told me to phone them back on the day of the default before 5pm.

So,Saturday,I took my money from my account,leaving just over £20 in it.

Today,being the day of default,I received an email from Wonga telling me that I had defaulted etc,etc.Any problems,phone before 5pm.So I phoned them,explained my circumstances.I was asked how much time I would like to have to repay,I suggested about 3 months.So the lady made me an offer of how would I like to repay weekly,4 weekly or monthly cycle.I said 4 weekly.So she offered me a repayment plan of 10 payments over 40 weeks at £33.90 every 4 weeks,with interest frozen.

I asked why a repayment plan cannot be made before going into default.It is something to do with the agreement,they will be in breach of the agreement or something like that.

I know that to some people,alarm bells will be ringing.Never come to a repayment plan over the phone,as they can always deny that you phoned.Within 15 minutes of the phone call ,I received this email from Wonga.

--------------------------------

 

Dear John

 

Our aim is always to help you settle your loan as quickly as possible and acknowledging difficulty in repaying is actually half the battle, so we really appreciate you getting in touch and discussing a repayment plan.

 

Whilst we cannot enter into a new agreement, I am happy to confirm we will accept your payments against the original agreement according to the plan below. Also, as a matter of our entire discretion we will freeze interest as long as the plan is maintained, because we are keen to help you settle the balance.

 

Promise Date Repayment Amount

13 May 2012 £33.91

10 Jun 2012 £33.91

08 Jul 2012 £33.91

05 Aug 2012 £33.91

02 Sep 2012 £33.91

30 Sep 2012 £33.91

28 Oct 2012 £33.91

25 Nov 2012 £33.91

23 Dec 2012 £33.91

20 Jan 2013 £33.89

 

--------------------------------------------

Of course there were the usual warnings regarding keeping the payments up to date etc.

Needless to say,they did take the £20 in my account.

So I hope this has been of some help to Mark or anyone else,who is worried about repaying Wonga.

If you bury your head in the sand and hope the loan will go away,it will not.Too much time is spent worrying about what has to be done,instead of doing it.

But you MUST phone Wonga before 5pm on the day of default,otherwise extra charges will be added.

My thanks to Wonga.

 

Regards,John.

Edited April 30, 2012 by JOHNINYORK

[__mark__]

thanks for taking the time to reply john and its nice to hear from someone in the same situation, my loan is due in 4 days time so ill email them before then and then ring up on the day i default, hopefully everything will run smoothly enough

[JOHNINYORK]

Mark.

I hope that everything goes in your favour.

As you will have read amongst the various postings,do not accept a payment plan over the phone.This is why,as you have read my previous posting,I phoned Wonga and got an email with my repayment plan on it.Saturday (05/05/12),I received 2 letters from Wonga,stating that my account was overdue.These letters were dated 30/04/12.Luckily for me,I have the email to prove that I have phoned them up and arranged a repayment plan.

So,on the day of your default,if you do arrange a repayment plan,you MUST,MUST,MUST ask them to send you an email outlining the repayment plan.Then if there are any arguments about repayment,you have it in writing what you have agreed to.

Best of luck.Let us all know how it went.

 

Regards,John.

[__mark__]

just got off the phone to a very helpful gentleman at wonga he has agreed for me to pay 64.58 at the end of every month, was alot easier than i imagined im so glad that i can pay it off and start to see a difference without the interest building, feels like a big weight has been lifted, got emails aswel with proof so all sorted and feel brilliant now, thanks for all the help and advice much appreciated

[JOHNINYORK]

Mark.

I am glad to hear that it all worked out in your favour.If you read my last post regarding the 2 letters from Wonga,all I did was to copy the email and paste it on the web site and send it off to them.I got a reply back a couple of days later,thanking me for the email and thanking me for taking a repayment plan.

 

Regards,John.

[renegadeimp]

Get that agreement in writing mark. Its worth nothing if its not on paper. If you dont then i wouldnt be surprised if they drained your entire bank accounr whenever they felt like.