A lot of Wonga

[Platypus]

I wouldnt know I've never smoked a 'fag' ....

Ah the famous Ricky Gervais (sp?) line, Englishman says to an American "shall we go and smoke a fag?"

<American looks aghast!>

[Jog On]

We hate show-offs round here.

Would this be case of do as I say and not do as I do?

[mudskipper]

I like their dumb-ass guide to APR ...

http://www.wonga.com/money/is-this-apr-expensive

This is nice:

The larger the APR the more expensive a loan, right? Wrong. It’s a common perception, but with Wonga’s super-flexible approach to short term credit the opposite applies.

These people prey on the desperate. What happens when you can't pay I wonder...

[DimPrawn]

Sorry to drag this up again, but the more I think about it, the more this sounds like the Plan B for me.

I have lots of money to lend.
It's all done online (application, credit checks via web services, giving and taking payments).
Wonga charge £25 for every £100 borrowed and you have to pay it all back within 30 days.
If you don't pay, they take it from your debit card, if that bounces, they sell the debt to very nasty people near you. You credit rating is trashed too.

The returns must be pretty tasty.

What's not to like?

http://www.whichpaydayloans.co.uk/pa...oan-companies/

[TimberWolf]

Sorry to drag this up again, but the more I think about it, the more this sounds like the Plan B for me.

I have lots of money to lend.
It's all done online (application, credit checks via web services, giving and taking payments).
Wonga charge £25 for every £100 borrowed and you have to pay it all back within 30 days.
If you don't pay, they take it from your debit card, if that bounces, they sell the debt to very nasty people near you. You credit rating is trashed too.

The returns must be pretty tasty.

What's not to like?

Are there no rules governing how much they end up paying including collection and court costs? For example if the punters are out when the collection men turn up to try to retrieve your £100.

[MaryPoppins]

Sorry to drag this up again, but the more I think about it, the more this sounds like the Plan B for me.

I have lots of money to lend.
It's all done online (application, credit checks via web services, giving and taking payments).
Wonga charge £25 for every £100 borrowed and you have to pay it all back within 30 days.
If you don't pay, they take it from your debit card, if that bounces, they sell the debt to very nasty people near you. You credit rating is trashed too.

The returns must be pretty tasty.

What's not to like?

Quite a lot, starting with your terribly crass boasting.

[DimPrawn]

Quite a lot, starting with your terribly crass boasting.

I'm tempted to do the beating up myself too, so watch it shorty.

[MaryPoppins]

I'm tempted to do the beating up myself too, so watch it shorty.

Dim. Come on. You and I both know that I'd win that fight, shorty or not.

[DimPrawn]

Dim. Come on. You and I both know that I'd win that fight, shorty or not.

[AtW]

I have lots of money to lend.

Here is my advice to you: buy some brains.