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Hello!
For 3 and a half years I borrowed every month, at least once, from Wonga and Payday UK, between 2011 and 2014. Over 40 loans in total
.
They stopped lending to me by 2015, but until recently I had to continue borrowing regularly from Sunny.
Obviously, I do blame myself for this, but feel Wonga and Payday UK didn't help my situation- only made it worse.
I am preparing to make my first claim, against Wonga, who lent me over £5k, 33 loans.
I have used the template letter from debtcamel (thank you!) but I am wondering about the affordability part. Now, I am not entirely sure the info I gave Wonga back then was accurate. I am a little worried I may have lowered the figures a little just in case I couldn't borrow as much as I needed to. I am not saying this was definitely the case- but I wouldn't put it past me! Will this matter? I am putting in the letter what I believe to be a true reflection of my outgoings.
Also, I think my income was around £1200 a month, and the outgoings I've calculated are £1060, leaving £140. Will they look upon this as if I was able to afford all the loans below this amount and only refund those that were above? or will they have to refund all?
Lastly, is the fact that I was allowed to borrow continuously for over 3 years enough to prove I couldn't afford it despite my income and outgoings?
Sorry to ask so many questions, I am just wanting to be sure I'm doing the right thing.
Thank you!!
For 3 and a half years I borrowed every month, at least once, from Wonga and Payday UK, between 2011 and 2014. Over 40 loans in total
.They stopped lending to me by 2015, but until recently I had to continue borrowing regularly from Sunny.
Obviously, I do blame myself for this, but feel Wonga and Payday UK didn't help my situation- only made it worse.
I am preparing to make my first claim, against Wonga, who lent me over £5k, 33 loans.
I have used the template letter from debtcamel (thank you!) but I am wondering about the affordability part. Now, I am not entirely sure the info I gave Wonga back then was accurate. I am a little worried I may have lowered the figures a little just in case I couldn't borrow as much as I needed to. I am not saying this was definitely the case- but I wouldn't put it past me! Will this matter? I am putting in the letter what I believe to be a true reflection of my outgoings.
Also, I think my income was around £1200 a month, and the outgoings I've calculated are £1060, leaving £140. Will they look upon this as if I was able to afford all the loans below this amount and only refund those that were above? or will they have to refund all?
Lastly, is the fact that I was allowed to borrow continuously for over 3 years enough to prove I couldn't afford it despite my income and outgoings?
Sorry to ask so many questions, I am just wanting to be sure I'm doing the right thing.
Thank you!!
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