MSE News: Wonga launches new TV ad, which it says won't be shown on kids' TV

Former_MSE_Helen

Payday lender Wonga is launching a new advertising campaign after ditching its controversial puppet ads...

Read the full story:

Wonga launches new TV ad, which it says won't be shown on kids' TV




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agarnett

I don't know if this is the right place exactly, but my goodness Martin, you have done so much good on cutting through the misleading, immoral and exploitative facade of Pay Day Loans marketing.

Your contribution on BBC Victoria Live was excellent. Sure we all like to be nicely polished and 100% cool and objective in public, but you are a champion to millions, so it was an absolute pleasure to see you all over the hapless enemy, cutting deep and thrusting as good as Brad Pitt in Troy, mate!

Butterfly_Brain

1509% apr :eek::eek:

You know when you've been Wonga'd.

I hear that they are now preying on small businesses as well...............parasites!

Time to shut these usury sharks down and all the other pay day lenders, that feed off of the poorest in society.

Why hasn't there been an interest rate cap on these vermin?

tonycottee

It always makes me wonder if somebody is willing to borrow from a payday company, that if they didn't exist, who would they be willing to turn to? My guess is that there are far worse people to borrow money from than Wonga.

People just look straight for the apr, when these figures are really more aimed at longer term loans.
I sometimes feel like I'm abnormal that I'm not morally outraged by these companies.

CHR15

Nor me.
If I call the Holiday Inn and ask how much a room is, they don't say £31,000, they tell me £85 for one night, not the whole year.

robatwork

Helen can I just comment on the format of the article rather than the content as it was quite distracting.

There was a mixture of quote marks for quotes. Can you be consistent and only use double quotes for things people said ie:

admitted it has made "serious mistakes". is correct

'hard-working dinner ladies and mums' not so much.

I would probably just embolden the things you have put in single quotes.

Thrugelmir

tonycottee wrote: »

It always makes me wonder if somebody is willing to borrow from a payday company, that if they didn't exist, who would they be willing to turn to? My guess is that there are far worse people to borrow money from than Wonga.

Wonga filled a void in the market. My only hope is people become financially educated as without this. The problem will simply roll on and on.

[Deleted User]

It won't be a problem because more and more people are being declined. The only pity is we aren't prepared better for it.


If sunny advertise every other hour on the radio, urgh they all should be allowed


How does repay possible over 10 months (with any interest saved loaded back on! but the moment that happened it made me want to get rid and then angry seeing selected comments where there seems to be some selective choosing going on as to which customer is charged what so it hasn't improved! I was naive) when lender decides to decline, constitute good short term lending and the "this product isn't suitable for short term use" payday loans probably messed with people's heads far less actually now thinking about it


Wonga seems to have dropped their prices anyhow so we can thank sunny and their ilk for one thing alone, but I can't imagine who'll they serve now - those undercover journo's need to come back!!

fermi

Worth watching with Martin from earlier with, Mike O'Connor from the debt charity StepChange, Caroline Wayman of the Financial Ombudsman Service and Russell Hamblin-Boone, who runs the main trade association that represents payday lenders...

http://www.bbc.co.uk/programmes/p02rqwb2

andyfromotley

Vile company. Morally repugnant, eithically bankrupt, corporate greed preying on the poor, vulnerable and stupid. The sooner they are closed down, regulated out of business or preferably, locked up the better.

Clive_Woody

andyfromotley wrote: »

Vile company. Morally repugnant, eithically bankrupt, corporate greed preying on the poor, vulnerable and stupid. The sooner they are closed down, regulated out of business or preferably, locked up the better.

Then who will the poor, vulnerable and stupid borrow from?