If you’re having trouble and cant pay Wonga then the first thing to do is to let them know you can’t pay them all of their money straight away, this will keep any penalties down so your borrowing doesn’t get any bigger.
If you cant pay Wonga then they cannot simply ignore you as they have an obligation under the Office of Fair Trading to help you they have to come up with a plan so you repay the money over a sensible time scale.
Not only that, they can’t escalate the action to be disproportionate. So if the bill is small then make can’t invoke a massive action to recover that cost such as repossession of your house.
If you have a number of debts then it might help to get in contact with somebody who can give you professional advice whether you use debt charity or a commercial company check to see whether it is free or not. So it is not the end of the world if you cant pay Wonga or any of the payday loan companies for that matter.
If you’re not sure how to compile your letter to the debt company then there are lots of 10 plates all draft letters you can use where all you have to do is fill in the blanks.
Check to see if your payday loan company is a member of a trade body this might be the Consumer Finance Association, (CFA) or the Finance and Leasing Association (FLA) The consumer credit trade association (CTA) or perhaps the BCCA. If they have they have signed up to a charter or agreement which means that they have to one do you with cases sympathetically and in a positive way. They have to tell you how the loan works and give you the total cost. So that if you borrow £100 you will know what your fees and charges are before you take the loan. They also have to freeze and keep interest charges frozen if you make repayments under an agreed plan.