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Pa**** Cisse


boltonsno1

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I fail to see how wonga are a scum company?

 

If people are stupid enough to borrow money at a 1000000% interest rate then more fool them.

 

Fair play to wonga for taking the risk, Cisse is a ****** if anything for refusing to wear shirts of the people who pay his wages.

 

Wonga could l be called a "scum company" because:

 

their business model largely revolves around finding people who are unable to pay back the borrowed capital

they don't do enough checks that people are able to pay before lending so are irresponsible lenders

they are knowingly exploiting the lack of regulation in this field

they are exploiting people who have no other lending options available when as responsible lenders they should point them towads debt management advice

etc

etc

 

Most aren't stupid they are desperate and as a lender Wonga has a responsibility to it's customers and potential customers. There is a place for payday lenders but not like this

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Has he refused to play or just refused to wear a sponsored shirt? Not really the same thing and under diversity legislation NU are perhaps on shaky ground.

 

Doesn't mean he isn't possibly operating a double standard though when it comes to Virgin Money, casinos etc..I woudln't know only he does

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Wonga could l be called a "scum company" because:

 

their business model largely revolves around finding people who are unable to pay back the borrowed capital

they don't do enough checks that people are able to pay before lending so are irresponsible lenders

they are knowingly exploiting the lack of regulation in this field

they are exploiting people who have no other lending options available when as responsible lenders they should point them towads debt management advice

etc

etc

 

Most aren't stupid they are desperate and as a lender Wonga has a responsibility to it's customers and potential customers. There is a place for payday lenders but not like this

 

Most are stupid, or dont intend to pay it back anyway.

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Wonga will be profitable from those people who need a temporary loan and despite the interest will pay back. But they and other lenders of their type are a major problem. People who need loans and can afford repayment deserve a better service than this in our economy. Those who can't afford such loans are likely to need assistance in other ways and should get that not further loans and aggressive bailiffs etc.

 

Last week, as treasurer of a charity, I paid a £750 donation to assist a mother to meet the court fees needed to achieve bankruptcy. She had over £15,000 in debts. It is unbelievable that once debts reach that level they can never be cleared without outside assistance because of the fee. I propose a 99% tax on the loan by loan profit of lenders who charge annual rates of say more than 50%.

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