Can you pay wonga back monthly

What is debt and when should you worry? Image source, Getty Images. Here are some of the key questions answered:. I have a Wonga loan, will this be written off? I have made a claim against Wonga. If successful, will I get any compensation? Can we expect more short-term lenders to collapse? Who borrows money in this way, and how much? Related Topics. Personal finance Personal debt Wonga. Published 30 August This check will be recorded on your credit report.

You'll find out in 60 seconds. All Satsuma loans are offered subject to affordability. Wonga loans were a little different in that they typically needed to be repaid over a shorter time frame. You can choose to spread your repayments over three to twelve months.

However, you may find you'll pay more in interest the longer you take to repay a loan. Most customers choose to repay their Satsuma loans in monthly instalments. But we do give you the option of paying weekly. You may find this beneficial if you receive your wages every week for example. You can use the loan calculator to see how weekly repayments compare against monthly terms for the amount you wish to borrow.

When you apply for any type of loan all lenders will carry out a credit check. The credit check determines whether your application will be approved. Satsuma will also do a credit check, but not always straight away. However, should you choose to apply for our loan we will complete a full credit check.

A link to our report on the progress of the administration for the six months to 4 September is below. Insolvency legislation dictates the level of information which we must provide to creditors and the report is therefore necessarily detailed. This is to notify creditors that the Joint Administrators propose to make a first and final distribution to the unsecured creditors of the Company pursuant to Rule For the avoidance of doubt, no further details or submissions are required for any claims made under the recent redress exercise.

A link to our report on the progress of the administrations for the six months to 4 March is below. This is to notify creditors that the secured creditor, Avole Holding AS, has consented to the extension of the period of administration for 12 months, until 4 March , pursuant to Paragraph 76 2 b of Schedule B1 to the Insolvency Act