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Author Topic: Wonga.com and similar  (Read 341 times)

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Online Nick

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Wonga.com and similar
« on: November 15, 2010, 02:58:38 PM »
Having finished my werk for the day, cooked, cleaned my windows and hoovered and with the washer on I decided to watch afternoon Star Trek  cloud9:

It's a documentary, so I like to see how they are getting on.

The ads are amazing. Wonga.com offers loans AT 2789% APR  eeek:

Who the fuck buys that?!?!!?!?!?!?!?!?  eeek:
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Offline Snoopy

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Re: Wonga.com and similar
« Reply #1 on: November 15, 2010, 03:08:12 PM »
Those so desperate they will pay anything to feed their kids/ buy a fix or keep the bailiffs out and hope to be able to repay come pay day. Such unfortunates do not look at the long term. Wonga.com and the like expect to be repaid at the end of the month.
That is why such cash advances are known as "Pay Day Loans".

You are an innocent abroad mate. Such companies do attract customers with astonshing ease!
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Online Nick

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Re: Wonga.com and similar
« Reply #2 on: November 15, 2010, 03:15:12 PM »
The key werd there is "hope".

Don't I recall some much trumpeted and doomed gummint "initiative" to stop this nonsense. Oh well, another one down the tubes  noooo:
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Offline Snoopy

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Re: Wonga.com and similar
« Reply #3 on: November 15, 2010, 03:19:41 PM »

Quote from: Nick on November 15, 2010, 03:15:12 PM
The key werd there is "hope".

Don't I recall some much trumpeted and doomed gummint "initiative" to stop this nonsense. Oh well, another one down the tubes  noooo:


More Daily Mail talk I'm afraid.

Loans like these have been around since money was invented ..... See Shylock!
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