Jump to content


AbigailLouise

Took my chances with Wonga - got 2012 debt written off **WON**

style="text-align:center;"> Please note that this topic has not had any new posts for the last 1832 days.

If you are trying to post a different story then you should start your own new thread. Posting on this thread is likely to mean that you won't get the help and advice that you need.

If you are trying to post information which is relevant to the story in this thread then please flag it up to the site team and they will allow you to post.

Thank you

Recommended Posts

So this is debt 3/8 ( god knows how I managed to get myself into so much trouble, young age and a need for a lavish life style has played havoc with my credit rating and now my finances )

 

There isn't really much to say on this one ... I got a loan from the infamous Wonga.com and due to being made jobless I was unable to pay it back on time. It then got passed onto Moorcroft who have accepted my offer of £5 pm with out much hassle from them.

 

Would I be able to send them a CCA request letter ? Or does this not work with payday loans ?

 

Thank You

Share this post


Link to post
Share on other sites

When was the loan taken out? Post 2007 (April) a tick in the box will count as your signature.

 

It's good that you are paying these back, but pay Wonga and not the monkeys. Also make sure you are only paying back what you really owe and what they say you owe.

Share this post


Link to post
Share on other sites

Back in 2012 I took out a wonga loan for £510 as at the time it seemed like a smart thing to do, I was unable to pay it back which has meant I now owe Moorcroft debt recovery £765.97 on behalf of wonga.

 

I have been reading alot that wonga are writing of some loans and I am wondering how they decide on what loans to write off ? I have not heard from wonga or moorcroft in around 4/5 months and I know they say "Let sleeping dogs lie" but I am slowing working to clear a few of my debts and this is one of my major ones that I'd like to clear asap.

 

Any help/advice/wise words are welcome.

Share this post


Link to post
Share on other sites

Hi

Sorry you were missed.

 

Either yesterday or today Radio 4s You and Yours did a piece about this. Apparently Wonga will take much longer that originally estimated to contact everyone affected and that they would contact everyone by the end of October. As far as I am aware, the only way you will find out is if you get an email.


If you are asked to deal with any matter via private message, PLEASE report it.

Everything I say is opinion only. If you are unsure on any comment made, you should see a qualified solicitor

Please help CAG. Order this ebook. Now available on Amazon. Please click HERE

Share this post


Link to post
Share on other sites

I wrote to them and this was the important part of their reply:

 

"Thanks for your query.

We are pleased to confirm that you have not been affected by the affordability issues.

What do I need to do next?

If you are making payments on a Wonga loan, please continue to make your repayments as normal."

 

It's nice that they are pleased by this.

 

I took the loan after I lost my job (though I didn't tell wonga that!) Anyway I wonder if I should bother arguing or just continue giving them £1 per month which I have been for 18 months

Share this post


Link to post
Share on other sites

Its a bit crazy that can retroactively state wether or not you would have passed their affordability tests a few years ago. They didn't ask for bank statements or proof of income so it seems a bit like guesswork on their part. Credit reports would have changed, and payday companies didn't share as much information back then so they wouldn't know if you had other outstanding loans at that time. You could get a copy of your bank statement from that time and if it proves you couldn't have afforded the loan show it to Wonga and see what they say.

Share this post


Link to post
Share on other sites

Back in 2012 I took out a £510 wonga loan, I failed to repay and this was passed onto a debt collection agency. After interest and charges I ended up owing the debt collection agency £735 I ignored this and buried my head in the sand.

 

Last week I took my chances and emailed wonga to see if I qualified to have my debt written off, I thought it would be a long shot and they would make me repay it.

 

I told them I did not have access to the email account I originally got the loan with but I could provide further details if they required.

They emailed me back asking for more details which I provided.

 

Today I received an email from Wonga saying my loan had been written off, they will contact the debt collection agency to have this corrected on my Credit report.

 

It is a pleasant surprise, especially as I was working out my finances to set up a repayment plan to them.

 

I would honestly suggest just sending them an email, don't wait for them to contact you! As I doubt they would have ever contacted me.

 

Good Luck :whoo:

Share this post


Link to post
Share on other sites

This is very good news indeed.. now please, stay away from Pay Day Loan companies !


Have we helped you ...?         Please Donate button to the Consumer Action Group

 

Uploading documents to CAG ** Instructions **

 

Looking for a draft letter? Use the CAG Library

Dealing with Customer Service Departments? - read the CAG Guide first

 

1: Making a PPI claim ? - Q & A's and spreadsheets for single premium policy -

HERE

2: Take back control of your finances -

Debt Diaries

3: Feel Bullied by Creditors or Debt Collectors?

Read Here

4: Staying Calm About Debt

Read Here

5: Forum rules - These have been updated -

Please Read

 

 

BCOBS

 

2: Does your Bank play fair - You can force your Bank to play Fair with you

3: Banking Conduct of Business Regulations - The Hidden Rules

4: BCOBS and Unfair Treatment - Common Examples of Banks Behaving Badly

5: Fair Treatment for Credit Card Holders and Borrowers - COBS

 

 

 

Advice & opinions given by citizenb are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

 

PLEASE DO NOT ASK ME TO GIVE ADVICE BY PM - IF YOU PROVIDE A LINK TO YOUR THREAD THEN I WILL BE HAPPY TO OFFER ADVICE THERE:D

Share this post


Link to post
Share on other sites
I intend too!! I'd rather sell a kidney ha ha

 

:lol: I don't think you need go that far, but please do look and see if there is a credit union in your area. I have popped a CU locater at the bottom of this post. If you save just a small sum each month, you will then be able to borrow small loans at much, much lower interest rates. This will help your repair your credit history as well.

 

http://www.findyourcreditunion.co.uk/home


Have we helped you ...?         Please Donate button to the Consumer Action Group

 

Uploading documents to CAG ** Instructions **

 

Looking for a draft letter? Use the CAG Library

Dealing with Customer Service Departments? - read the CAG Guide first

 

1: Making a PPI claim ? - Q & A's and spreadsheets for single premium policy -

HERE

2: Take back control of your finances -

Debt Diaries

3: Feel Bullied by Creditors or Debt Collectors?

Read Here

4: Staying Calm About Debt

Read Here

5: Forum rules - These have been updated -

Please Read

 

 

BCOBS

 

2: Does your Bank play fair - You can force your Bank to play Fair with you

3: Banking Conduct of Business Regulations - The Hidden Rules

4: BCOBS and Unfair Treatment - Common Examples of Banks Behaving Badly

5: Fair Treatment for Credit Card Holders and Borrowers - COBS

 

 

 

Advice & opinions given by citizenb are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

 

PLEASE DO NOT ASK ME TO GIVE ADVICE BY PM - IF YOU PROVIDE A LINK TO YOUR THREAD THEN I WILL BE HAPPY TO OFFER ADVICE THERE:D

Share this post


Link to post
Share on other sites

  • Recently Browsing   0 Caggers

    No registered users viewing this page.


  • Have we helped you ...?


×
×
  • Create New...