They won't be missed, apart from the poor sods that worked for them at ground level I have no sympathy with them going under. Hopefully by going bump the debtor's can renegotiate the rates or get better credit elsewhere.
Unfortunately the way we live now is with normalised debt and outgoings exceeding our incomings for very many. The demise of one payday lender won't change anything. Nor will Wonga's debtors be any better off - their debts won't vanish.
People who used Wonga and the like went there because they couldn't get credit anywhere else. That won't change.
Unfortunately the way we live now is with normalised debt and outgoings exceeding our incomings for very many. The demise of one payday lender won't change anything. Nor will Wonga's debtors be any better off - their debts won't vanish.
People who used Wonga and the like went there because they couldn't get credit anywhere else. That won't change.
What will change is that they end up borrowing from an even worse option
Posts
DON’T DO THAT TO ME!!!
I can’t afford the repayments
Have gone tits up.
Good riddance too.
#toriesdon'tgiveafuck
De Sisti wrote:
This is one of the silliest threads I've come across.
Recognition at last Matthew, well done!, a justified honour
Unfortunately the way we live now is with normalised debt and outgoings exceeding our incomings for very many. The demise of one payday lender won't change anything. Nor will Wonga's debtors be any better off - their debts won't vanish.
People who used Wonga and the like went there because they couldn't get credit anywhere else. That won't change.
What will change is that they end up borrowing from an even worse option
6000% interest suit you?