For anyone intrested heres a little more info i got from wonga:- Setting Up a Repayment Arrangement Thanks for taking the time to look into alternative ways to repay your loan. We'd like to help you find a way to repay your loan which is appropriate for your financial situation. While we are happy to look into the possibility of you repaying your loan in stages, there are a few things you need to be aware of. If you do arrange to repay your loan over a longer period of time, which takes your loan past it's promise date, this will have a detrimental effect on your both your trust rating and credit score. However, setting up a repayment arrangement will freeze interest on your loan, and we will cease all collections activity. Before we are able to set up a repayment arrangement for you, we'll need to complete a financial assessment. This is an industry standard document which requires you to submit some basic information about your income and expenditure. This information will allow us to set up a plan which best suits your financial situation, and should allow you to repay your loan in manageable stages. Please note: we won’t be able to suspend interest or charges, and we’ll continue to attempt to collect payment for all or some of the outstanding balance and on one or more occasion, until you’ve successfully completed this form and the repayments are agreed.

thanks for the info, if anyone has been able to setup a repayment plan with wonga before they have tried to take the full amount you owe please could you provide some details on this. Also is there anyone who has a payment plan and has asked about the credit report default?

yes that's what i thought, i can probably just afford to pay it but it would make life more much bearable if i could split the payments between 2 or 3 months instead of one lump sum? Also if my credit rating is already bad, what difference would a default or arrangement to pay make? Do you think i could contact wonga about this? Would they be understanding and co-operative or are they just looking to get as much of there money back as soon as possible (im worried if i tell them i have enough to pay it off they wont allow a payment plan). To be honest i will probably just pay it off when its due, all this worry about debts and money problems is very depressing, i just want to get back on track and have some money for once!

Hello, read a few bits of good advice on this site but i require some further clarification. I currently owe wonga £550 due on the 12th april. I will have just enough to pay this on my payday 12th but this would obviously leave me with almost absolutely £0 to survive for a month thus forcing me to get another payday loan (which i dont want to do) because everytime i do it becomes more and more. I have contacted wonga and told them it isnt viable for me to pay it off in one, the man on the phone suggested to me that 3 days before the money was due, set up a payment plan from the my account section of wonga. My only apprehension about this is any damage to my credit rating (would they mark this as a default on the loan? and how badly would that affect me in the future?) I do have another option avaliable, which would be to repay the loan in full then live off a tesco credit card with 21.9% apr, hopefully someone can give me abit of advice on the matter, it would be much appreciated!