Talk about robbing the poor Talk about robbing the poor
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  1. #1

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    Default Talk about robbing the poor

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

    representative APR 1734%

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    Pah!

    That's practically interest free!

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

    Representative APR 4214%
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    Quote Originally Posted by DimPrawn View Post
    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?
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    Quote Originally Posted by DimPrawn View Post
    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

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    Quote Originally Posted by DimPrawn View Post
    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%?

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    Quote Originally Posted by TheFaQQer View Post
    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
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    Quote Originally Posted by MarillionFan View Post
    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?

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    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?

    I was miserable and depressed, but CUK turned it all around. Now I'm depressed and miserable.

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    Quote Originally Posted by DimPrawn View Post
    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?


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    Quote Originally Posted by Spacecadet View Post
    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

    Quote Originally Posted by BoJo
    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.
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