I recently took out a small loan literally £50 for one week from 'wonga' because I was off sick from work for a few months and the company I worked for paid me half of my wages (company policy if more than 3 weeks off is taken) and I still had bills to pay. It was a struggle but I recently went back so to cover me I had no choice but to do this otherwise travelling to and from work would have been impossible. I really regret doing this as I'm worried it will affect my mobile phone contract upgrade next month. Right now that's my only worry as I'm secure in my home although could affect me later when and if I choose to move! I've read a lot about it affecting mortgages etc. Could it also affect my phone contract? I'm with O2 btw. If so I only took the loan out yesterday night so could I even cancel?
Read more: Will using a wonga payday loan affect a mobile phone contract?
