Wonga And Portfolio Recovery

[rippedoff15]

Just had this email from wonga relating to a payday loan dating back from 2010 i think, should i wait until Moorcroft make contact ???????? , have Wonga sold the debt moorcroft, the loan was for £250.00 i think

 

To view this email as a web page, go here.

 

 

Wonga.com - Little loans, lots of control

Dear

 

TOTAL DEBT: £757.38

Agreement Reference:

 

We are writing to you in connection with the outstanding balance on the above account, and the arrears owed to us.

We are required by the terms of your agreement to inform you that Wonga.com. have now passed your account to Moorcroft Debt Recovery Limited as of 10th December 2012. Moorcroft Debt Recovery Limited will be dealing with your account on our behalf . In order to avoid further action please contact them at: -

 

 

Moorcroft Debt Recovery Limited

Moorcroft House

PO Box 17

2 Spring Gardens

Stockport

SK1 4AJ

 

Tel: 0161 475 2966

Pay Online: www.mdrl.co.uk

Email: customers@moorgroup.com

 

 

 

 

Please note that any and all queries that you may have on your account should now be referred to Moorcroft Debt Recovery Limited.

Best regards,

The Wonga Team

wonga.com

 

 

Any help would be great to sort this debt out

 

cheers

[rippedoff15]

Well had a letter from Moorcroft today, has anyone had dealing with moorcroft relating to payday loans

[renegadeimp]

Ignore them.

 

Keep pushing with wonga. If you must talk to moorcroft, tell them the debts in dispute and to bog off.

 

As your letter said, moorcroft are only acting on behalf of the OC, and as such they have no rights apart from saying "please pay this debt".

[mori101]

Hi, ive a lot of problems with payday loans - part greed, part sillyness and part stupidity. Im finally near the end of a dark dark tunnel i hope the following advice is helpful to anyone struggling with these types of debts.

 

I have had to do a repayment plan with them all and if you fill in an income and expenditure form and send a covering letter, they pretty much have no choice.

 

http://www.creditaction.org.uk/ - they have a great income and expediture form and all my creditors have accepted it. in your covering letter it should detail why you cannot fulfill your credit agreement and you are best being honest :

 

Dear Sirs

 

Agreement Number: ***********

 

I am writing to you to make you aware that I am experiencing financial

difficulties due to over-commitment to various payday lenders and find myself more and more stressed.

 

I enclose a copy of my current financial statement and a proposed budget, which shows shows how I am, financially, the month ending *********. I understand I have an obligation to pay credit I take out and wish to come to an arrangement with you. I also enclose a schedule of all my debts from which you will see the available money.

 

I ask that you will accept this offer of ********** for X months. I have worked this out on a pro-rata basis as to what I can afford. As per the recent report released by BIS in May 2012, payday lenders are required to provide ‘more help for customers in financial difficulty by freezing charges and interest’, I would then ask you to freeze interest from the date of this letter. If this changes the amounts I have offered then please let me know as soon as possible. If the balance is lower I may be able to offer more to clear it more quickly.

 

I wish to make a token payment on ******* however, these debts are making me increasingly more stressed and anxious, I wish to get an arrangement in as soon as possible so if you could please confirm your acceptance in writing and advise me how the payments should be made.

 

Thank you in anticipation.

 

 

thats what i wrote for them all and a few more personal bits of info but it worked

[rippedoff15]

Hi All,

 

Iam sorting out my wifes credit file which is clear apart from the old mortgage and secured loan from GE Money, however today we are looking into the following Wonga and Portfolio Recovery.

 

On checking the outstanding amount with Wonga was 169.34 dated 01/01/2012. and since that date Wonga stopped calling emailing etc, and today a company called Portfolio Recovery are demanding 215.61 ? , Should we send the CCA to portfolio as they claim to own the debt.

 

cheers

[renegadeimp]

Portfolio recovery are chancers. They also cant add on extra charges despite them trying to say they can.