Wonga caught out targeting students

Jan 17, 2012 // by Keith McDonald // Commentary / Editorial, Personal Debt // Comments Off

Payday loans company Wonga has come under attack for targeting their extortionate rate loans towards students.

The firm, which offers loans at a staggering 4,214% APR, has been forced to withdraw a page of its website that promoted its own short-term, high-interest loans over the standard student loan rate.

“The Wonga Advantage”

[Read more at Which4U]

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