Omega Owners Forum

Chat Area => General Discussion Area => Topic started by: Mr Skrunts on 08 March 2010, 23:34:33

Title: Wonga
Post by: Mr Skrunts on 08 March 2010, 23:34:33: Just seen the Ad on TV

[size=20]APR 2689%[/size]

FFS

wonga. com they aint firking kidding. :-/
Title: Re: Wonga
Post by: Lazydocker on 08 March 2010, 23:35:46: I saw that a while back... Had to rewind it and check :o :o :o

Talk about preying on the vulnerable >:( >:( >:(
Title: Re: Wonga
Post by: Foxycav on 08 March 2010, 23:37:01: :o :o :o
Title: Re: Wonga
Post by: Kiksomass on 09 March 2010, 10:48:23: How much????? :o :o :oNow you would have to be crazy to sign on THAT dotted line.....unless you had 3 months to live ;D
Title: Re: Wonga
Post by: Squealey on 09 March 2010, 10:57:56: It one of those companys that will lend you, say, £200 in the last week of the month and then you pay them £250-£300 when you get your wages.

If theres people out there stupid enough to sign on the dotted line then unfortunatly there scummy little tinkers out there willing and able to take their money.

Personally I feel we're getting to the point that the government should step in and put a cap on the amount companies are allowed to charge for interest.
Title: Re: Wonga
Post by: Mr Skrunts on 09 March 2010, 11:11:36: Sums are scary

Borrow £1 for a year, (Because youaredown and out and want a.99p burger from McD)

Then what doyou owe 12 months later if no payments are made.

I dont know how to do the calculations.

But I did £1 x 2689% + £1 /52 and it cameout at over .53p a week in repayments. :-/
Title: Re: Wonga
Post by: Mr Skrunts on 09 March 2010, 11:13:59: Quote
It one of those companys that will lend you, say, £200 in the last week of the month and then you pay them £250-£300 when you get your wages.

If theres people out there stupid enough to sign on the dotted line then unfortunatly there scummy little tinkers out there willing and able to take their money.

Personally I feel we're getting to the point that the government should step in and put a cap on the amount companies are allowed to charge for interest.

I once helped setup a busness in a shop and they subletted to a cheque cashing company that also did small loans etc. It's amazing how much trade they did at certain timesof the week and month.
Title: Re: Wonga
Post by: STMO999 on 09 March 2010, 12:47:59: In the good old US of A, the authorities have had to close these companies if they were near a military base. Apparently, quite a few squaddies were up to their eyes in debt and were not allowed to go on active service because of this. :-/
Title: Re: Wonga
Post by: Entwood on 09 March 2010, 12:57:12: Biggest pawn shop I ever saw was right outside the biggest Army Training Camp in USA ... Fort Jackson SC .... 'twas huge !!! and a regular queue of folks redeeming stuff on pay day !!!