Reply to: Leaked letter reveals Wonga thought it was worth £15bn

[BrilloPad]

In a world awash will ZIRP and NIRP, it's incredible people are being ripped off on these lending rates.

Not everyone has several BTLs and gold bathroom suites....

[DimPrawn]

In a world awash will ZIRP and NIRP, it's incredible people are being ripped off on these lending rates.

[vetran]

just kidding!

Taken from the BBC:

Payday lender Wonga saw losses double in 2015 - BBC News

[Martin@AS Financial]

Payday lender Wonga saw losses double in 2015

Taken from the BBC:

Payday lender Wonga saw losses double in 2015 - BBC News

[BrilloPad]

Fraudster is jailed for conning payday loan firm Wonga out of £3,400 after being caught discussing the scam on video | Daily Mail Online

Wonga deserved it.

[SunnyInHades]

Worth 148 million now, slight fall away from 2012 peak

companycheck.co.uk (annual accounts filed at company's house) shows..

WONGA GROUP LIMITED
Greater London House
Hampstead Road
London
NW1 7EJ
Age 8 years (Incorporation date 04/08/2006)

Net Worth (2010, 2011, 2012, 2013, 2014)
£72,692,000
£118,370,000
£179,224,000
£176,180,000
£148,672,000

[Martin@AS Financial]

Also in the news, Wonga rebranded hours before Newcastle FC kit launch which means all official replica kits next season will now feature out-of-date logo.

Newcastle United unveil new home kit

[vetran]

I think it is a reaction to the new cuddly Wonga

Wonga has a change of heart: Payday loan firm re-launches with promises not to target vulnerable and cap charges
New management has decided to stick with name despite it being toxic
'Credit for the real world' commercials replacing puppet-based adverts
Also launching 24-hour cooling off period for customers to change mind
Three-day grace period for customers late with repayments is announced

[BrilloPad]

New wonga ads feature man being eaten by massive shark

After a reprimand by the Advertising Standards Agency, the responsible lender is now obliged to accurately reflect what will happen to you and your family if you can’t repay a loan.

[fullyautomatix]

I disagree. I think the opposite.

The mistake Wonga made was to screw too many of the poor too much. Do they think they are HMRC?

You are too obsessed with HMRC. In fact, it seems every one of your post seems to be about having a dig at HMRC.

[SueEllen]

I disagree. I think the opposite.

The mistake Wonga made was to screw too many of the poor too much. Do they think they are HMRC?

Mmmm that's what I wrote.

[BrilloPad]

What Wonga did wrong was to not ensure there was government legislation to ensure they could screw people of every income bracket. If you just screw the poor and/or unintelligent you get caught and legislated against.

If you screw everyone equally then you are allowed to get away with it. After all it's only fair...

I disagree. I think the opposite.

The mistake Wonga made was to screw too many of the poor too much. Do they think they are HMRC?

[SueEllen]

I was a customer, their MO isn't so different to Wonga

What Wonga did wrong was to not ensure there was government legislation to ensure they could screw people of every income bracket. If you just screw the poor and/or unintelligent you get caught and legislated against.

If you screw everyone equally then you are allowed to get away with it. After all it's only fair...

[ZARDOZ]

No they are not.

Ask any of their customers.

In fact any company that deals with water in England is dodgy.

Sorry I mean using the lax regulation caused by a poorly written law not within the spirit of that crap law....

I was a customer, their MO isn't so different to Wonga

[SueEllen]

United utilities send out fake solicitors letters if you pay late and they are allegedly a reputable company.

No they are not.

Ask any of their customers.

In fact any company that deals with water in England is dodgy.

Sorry I mean using the lax regulation caused by a poorly written law not within the spirit of that crap law....