Wonga had been the poster child of all that has been and it is incorrect using the credit industry.
It had been a tech start-up touted to soar into the stratosphere вЂ“ alongs >TV adverts with puppets, and a slick online system that supplied the consumer in what they required without having the hassle other providers triggered. It is now from the brink of getting breasts.
Wonga offered short-term loans at astronomical prices to individuals, without having the checks and safeguards necessary for other financing. an available loan of ВЈ 100 lent for thirty days might appear an option that is attractive. (more…)