Thanks, i have never heard of such.
i think companies like that should be banned, disgusts me playing on people in a time of need, they should be there to help people not rip them off.
I understand they need to make a profit but do it at a reasonable level.
£100 from Wonga for seven days costs £112.
If I lent someone £100 for a week I'd expect to get a tenner to say thanks.
Their site is clear enough on how to use the service, but no doubt its used by people who don't care and want something NOW.
Like the woman on the News
last week who borrowed £250 for a new cooker when hers broke, and had no real way to pay the money back in a timely fashion.
If that's the case then why didn't she look for a cheap second hand one?
Its not the place of Wonga to give out common sense.
There was a TV programme on C4 last week about a car dealership. A very camp fellow wanted to PX his one year old Nissan Qasqui for a 2005 BMW 4x4 because it looked good.
He was all ready to sign for the car, even after finding his finance payments had barely made a scratch into paying for the Nissan and he owned £18,000 (car was worth £15K), but he didn't care, he WANTED that BMW.
Right until the salesman advised him to check the insurance before he bought it.
Insurance was £3000 a year.