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The Church of England and Wonga - a tale of hypocrisy


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They are desperate. If there was a fairer alternative, they would use that instead.

 

Genuine question.. how much would you charge someone with zero (or very poor) credit rating to borrow £200 for a month?

Edited by truman
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Genuine question.. how much would you charge someone with zero credit rating to borrow £200 for a month?

 

Not 5,853%, that's for sure.

 

I wouldn't loan them anything as I am not in the credit business so could not give you a figure.

 

I am with the church on this though. Those unfortunate enough to find themselves applying for an emergency loan should not be cripple by these companies. There needs to be a fair way for these people to get the money or help they need without becoming a slave to their debt.

Edited by Agent Orange
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