Free £8.59 from Wonga 4 August 2012 at 7:21PM edited 4 August 2012 at 10:41PM in Freebies (low spend) 2 replies 1.2K views

forever.insane

Topcashback are offering £15.15 for taking out a wonga loan and doesn't state a minimum loan amount.

Wonga allow you to loan £1 and pay back £6.56 within 1 day. This is a profit of £8.59.

Obviously, if it doesn't track, its a loss of £5.56.

I haven't yet tried this myself (I will Monday) and have no idea if it affects your credit rating. I assume if you pay it back, it does.

Enjoy!

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The_MoneySavingKid

It's been in the news recently how lenders may react to payday lending/borrowing. http://www.guardian.co.uk/money/2012/jul/12/ge-money-refuses-mortages-payday-loans?newsfeed=true

LLM

Yes, as above states, please be aware of the affect this may have on future lending. You are likely to be rejected for things like a mortgage in the future if you have been seen to have had a pay day loan so please be very careful, it may be a way to make a few extra quid but may be quite costly in the end.