Quizzes & Puzzles4 mins ago
Who'll Be Needing A Loan Now ?
25 Answers
http:// news.sk y.com/s tory/14 67657/w onga-cr ashes-t o-35m-l oss-aft er-torr id-year
shame....couldnt happen to nicer people
shame....couldnt happen to nicer people
Answers
Best Answer
No best answer has yet been selected by bazwillrun. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.
-- answer removed --
Baz...with you and others all the way here !
If this truly awful bunch of crooks went bankrupt and ceased to exist, Britain would be a better place over night.
What I want to know is, in a country where all financial products are highly regulated, to protect us all against the shysters, how did our Government, of whichever political hue, allow this company to exist and charge such monstrous rates of interest in the first place ?
They advertise during breaks in children's TV programs....how was that allowed ? No wonder they use such childish adverts.
If this truly awful bunch of crooks went bankrupt and ceased to exist, Britain would be a better place over night.
What I want to know is, in a country where all financial products are highly regulated, to protect us all against the shysters, how did our Government, of whichever political hue, allow this company to exist and charge such monstrous rates of interest in the first place ?
They advertise during breaks in children's TV programs....how was that allowed ? No wonder they use such childish adverts.
DTC...that is why I used the phrase " of whichever political hue"
(Although I am sure someone will soon come along and say I should have whatever)
Just over a year ago, WONGA were ordered to pay £2.6 million for a fake letter fraud. They should have been put out of business then. Shysters, nothing more or less.
(Although I am sure someone will soon come along and say I should have whatever)
Just over a year ago, WONGA were ordered to pay £2.6 million for a fake letter fraud. They should have been put out of business then. Shysters, nothing more or less.
DTC...I agree that there is always that possibility. On the housing estate where I live, its easy to identify the doorstep lenders, and I see them most days of the week. So, its even more important that if we must have companies like WONGA, that we regulate them properly. But allowing ludicrous levels of interest, and allowing these companies to successfully target the vulnerable is not my idea of regulation.
WONGA have been in trouble for years. After last June's £2.6 million pound compensation package, their profits were halved due to the costs involved.
Its all here, if anybody is interested ::
https:/ /www.go ogle.co .uk/sea rch?q=w onga+sc andals& amp;rls =com.mi crosoft :en-GB: %7Brefe rrer:so urce?%7 D&i e=UTF-8 &oe =UTF-8& amp;sou rceid=i e7& rlz=1I7 ADFA_en &gf e_rd=cr &ei =fVMzVe fZKOOq8 we-u4HQ DA& gws_rd= ssl
The Regulator is entirely at fault here. WONGA should have been closed down and all further companies should have been investigated thoroughly, before allowing them to have the necessary Consumer Credit licence to operate.
WONGA have been in trouble for years. After last June's £2.6 million pound compensation package, their profits were halved due to the costs involved.
Its all here, if anybody is interested ::
https:/
The Regulator is entirely at fault here. WONGA should have been closed down and all further companies should have been investigated thoroughly, before allowing them to have the necessary Consumer Credit licence to operate.
http:// www.ind ependen t.co.uk /news/u k/polit ics/top -tory-f under-r uns-hig hcost-l oans-co mpany-8 656356. html
The above link relates to an Independent article from a couple of years back. Reading just Para 5 will reveal precisely why the Tories have done nothing about Wonga for five years.
The above link relates to an Independent article from a couple of years back. Reading just Para 5 will reveal precisely why the Tories have done nothing about Wonga for five years.