Talk about robbing the poor

[AtW]

And that different from say the government ?

Govt mostly takes a cut from profits/earnings.

[amcdonald]

Wonga sponsored the free New Year's Eve London travel. Boris, as clear as ever, defended the decision by saying



So, they are a legitimate and perfectly acceptable organisation who extort money from their clients.

And that different from say the government ?

[TheFaQQer]

I think Gordon Brown got the Olympics financed by them.... at their normal rate of interest of course

Wonga sponsored the free New Year's Eve London travel. Boris, as clear as ever, defended the decision by saying

Well they’re are legitimate outfit and they are licensed to trade in this city, and if they want to sponsor, reduce cost of travel in London then that seems to me to be something that is perfectly acceptable. But what I would say and I would stress this, people should be aware of the extortionate rates of interest that they can charge and people should not enter into irrational or unwise debt obligations...

So, they are a legitimate and perfectly acceptable organisation who extort money from their clients.

[Clippy]

There's hundreds of companies out there ready to lend you up to £1000 on one of these loans, no checks, instant decision, massive APR.

Can you imagine the tulip you'd be in if you took a grand from a thousand of these companies and then refused to pay up?

[DimPrawn]

There's hundreds of companies out there ready to lend you up to £1000 on one of these loans, no checks, instant decision, massive APR.

Can you imagine the tulip you'd be in if you took a grand from a thousand of these companies and then refused to pay up?

[conned tractor]

Pah! Amateurs.

Eight-million percent loan shark jailed | Finance Markets

I raise your 4214% to 8 Million

I'm mistaken then....it was a bargain....where's the phone?

[Spacecadet]

Hasn't Wonga done some kind of deal with Boris Johnson about sponsoring things in London?

I think Gordon Brown got the Olympics financed by them.... at their normal rate of interest of course

[conned tractor]

Pah!

That's practically interest free!

https://www.wonga.com/HomePage.aspx

Representative APR 4214%

WTF

What did make me laugh was there was a discount code for 25% off. Is that 25% of the total interest or 25% off 1734%?

[MarillionFan]

Pah!

That's practically interest free!

https://www.wonga.com/HomePage.aspx

Representative APR 4214%

Pah! Amateurs.

Eight-million percent loan shark jailed | Finance Markets

I raise your 4214% to 8 Million

[TheFaQQer]

Pah!

That's practically interest free!

https://www.wonga.com/HomePage.aspx

Representative APR 4214%

Hasn't Wonga done some kind of deal with Boris Johnson about sponsoring things in London?

[DimPrawn]

Pah!

That's practically interest free!

https://www.wonga.com/HomePage.aspx

Representative APR 4214%

[conned tractor]

Just seen a commercial on that there telly for a short term loan company....

representative APR 1734%