Wonga - cashback profit

ausmummy

I did a search for this and I don't think it's been posted and I think it should be this thread.

Quidco cashback says £6 but tracks at £15

minimum loan is £1 for 1 day costing £6.56 (5.56 intrest) making a profit of £9.44

Sorry if there's already a thred.

https://www.wonga.com/

Code from pig_let_cool to knock off interest

http://forums.moneysavingexpert.com/showpost.php?p=32620523&postcount=7

emerald_starcat

You can get a loan for £1?

bcwc

ausmummy wrote: »

minimum loan is £1 for 1 day costing £6.56 (5.56 intrest) making a profit of £9.44

Flipping heck, that's equivalent to an interest rate of 202940% !!!!!

chalkysoil

[QUOTE=ausmummy;32618121
minimum loan is £1 for 1 day costing £6.56 (5.56 intrest) making a profit of £9.44
[/QUOTE]

I wouldn't touch this with a barge pole what a rip off, supposing the quidco doesn't pay out

lisaleicester

I wouldnt touch it too, just incase of any problems.
The stress can cost you more! Eek

ausmummy

I never normally would but a friend had to use them a bit ago and got the cashback no problems so thought I'd give it a go for the extra amount.
£5.66 loss or £9.44 profit - not the biggest bet of the century but it's tracked and I know they've paid before.

pig_let_cool

If you enter the voucher code MYvc42 it takes off £5.50 from the interest bit so you get a £1 loan for £1.01 + quidco if it tracks!

TBeckett100

i am sure having an association on your credit file with a loan company of this niche will do wonders for your credit....

Mortgage company,

can you explain how you were desperate enough to borrow £1 from a loan company

"oh yes, I needed it for my supermarket trolley"

ausmummy

TBeckett100 wrote: »

i am sure having an association on your credit file with a loan company of this niche will do wonders for your credit....

Mortgage company,

can you explain how you were desperate enough to borrow £1 from a loan company

"oh yes, I needed it for my supermarket trolley"

Or maybe I'm money savey and made a profit from a money grabbing company and plus it's a loan comitment paid.

sharonwai

pig_let_cool wrote: »

If you enter the voucher code MYvc42 it takes off £5.50 from the interest bit so you get a £1 loan for £1.01 + quidco if it tracks!

where do u enter the codeS?

pig_let_cool

sharonwai wrote: »

where do u enter the codeS?

Under the box with the scroll bars, instead of clicking APPLY NOW or whatever it was, click on "enter promo code" enter and confirm