wonga
- Thread starter garyfl
- Start date
I've had my credit card for 2 years, always fully paid and on time, and they still won't increase my budget above £150.
If it wasn't for me having a very good aunty that can lend me the money, I'd have been stuffed a few of months ago when I needed some money, quickly.
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[Cas];20073222 said:
It isn't difficult to increase your credit rating. Paying bills such as monthly mobile contract through DD also increases you're rating. As does paying of a credit card as you said.
What you also need to do is make regular payments such as this - if its the odd now and then throughout the year you're rating will not increase.
Things like using your bank overdraft also doesn't help.
2 years is enough time to get a reasonable credit rating, I would suggest using websites like moneysupermarket and moneysavingexpert since they can help a lot.
I'll double.
I've never used any payday type loans and hopefully never have to.
I can see why people might use them, but only if your credit is very poor and it is your absolute last resort. If you find yourself using them regularly, then you're doing something wrong and you should take a closer look at your finances.
I can see why people might use them, but only if your credit is very poor and it is your absolute last resort. If you find yourself using them regularly, then you're doing something wrong and you should take a closer look at your finances.
Oh, I have done a lot of growing up in the last couple of years as well. I had quite a poor credit rating for quite a while, still not fantastic, but it's improved quite considerably.
But I was just defending Wonga in that it does have it's use, if used sensibly. People that may have been a bit stupid when they were younger, and struggle to get that bit of credit they might need for the one off emergency. I'm not saying Wonga has a big use, but it does have a use.
Unfortunately though, it does seem the OP is using it completely wrong.
Maybe its late and im sleepy and missed something but…
Why use Wonga when you could just use your capital one credit card and pay it all back when the bill is due?
Either if you didn’t pay it all back the APR on the credit card is going to be lower then what Wonga gives you and you can spread payments over weekly/monthly
would depend on if your maxed out your credit card already and what type of limit you have on there
Also depends on why you needed the cash I suppose
Why use Wonga when you could just use your capital one credit card and pay it all back when the bill is due?
Either if you didn’t pay it all back the APR on the credit card is going to be lower then what Wonga gives you and you can spread payments over weekly/monthly
would depend on if your maxed out your credit card already and what type of limit you have on there
Also depends on why you needed the cash I suppose
trololol nah jk yeah its maxxed but im clearing it on 26th no biggie. i know it looks hard to understand in op but basically i have money thats disposable when i actually get paid, but i need a new psu so ive borrowed from wonga till 26th then pay it back other than that its a wait till 26th game and i dont want to do that. finacially things are good im not in minus or anyything. tbh on 170 pounds im only paying £15 interest in the shortterm til 26th.
£15 is £15, and that's why you'll always be poor.
but its a one off, cc interest payments are the same and monthly, before i got my job ( made redundant from last) i had a maxxed cc for a year no way to really pay it off. £15 month has really added up so tbh its dearer really than wonga. Plus im far from poor :/
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what happens if you dont meet your wonga deadline?
As previously said, its meaningless. They only do short term loans so looking at a yearly interest rate is pointless.