Am I the only one that feels slightly sorry for Wonga?
Yes, they made money off the less wealthy, but they didn't force anyone to take up their loans at extortionate APRs. They disrupted the loan industry with a niche idea that filled the gap - many of their former customers celebrating their demise would soon complain if the payday loan industry went under altogether.
Yes, they made money off the less wealthy, but they didn't force anyone to take up their loans at extortionate APRs. They disrupted the loan industry with a niche idea that filled the gap - many of their former customers celebrating their demise would soon complain if the payday loan industry went under altogether.
Comment