»

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

New Post Advanced Search

Coronavirus: The latest from MSE


The MSE team is working extremely hard to keep the info we have about your travel rights, cancellation rights, sick pay (and more) up to date.
The official MSE guides: NEW MSE Coronavirus Guides

NEWSFLASH 31/3
RESCUE FLIGHTS FOR STRANDED BRITS * SCHOOL MEALS VOUCHERS * BRIGHTHOUSE COLLAPSES

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

edited 30 November -1 at 1:00AM in Loans
28 replies 3.6K views
Former_MSE_HelenFormer_MSE_Helen
2.4K posts
edited 30 November -1 at 1:00AM in Loans
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

OfficialStamp.gif


Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
«13

Replies

  • 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_BrainButterfly_Brain Forumite
    8.8K posts
    Part of the Furniture 1,000 Posts I've been Money Tipped! Post of the Month
    ✭✭✭✭
    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?
    Blessed are the cracked for they are the ones that let in the light
    C.R.A.P R.O.L.L.Z. Member #35 Butterfly Brain + OH - Foraging Fixers
    Not Buying it 2015!
  • tonycotteetonycottee Forumite
    1.3K posts
    Tenth Anniversary 1,000 Posts
    ✭✭✭
    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.
  • CHR15CHR15 Forumite
    5.2K posts
    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.
  • robatworkrobatwork Forumite
    5.7K posts
    Part of the Furniture 1,000 Posts Photogenic
    ✭✭✭✭
    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.
  • ThrugelmirThrugelmir Forumite
    69.4K posts
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    ✭✭✭✭✭✭
    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.
    "Markets have been so good for so long. That many investors are trivialising the advantages of actively managing portfolio risk." - Gervais Williams
  • keepcalmandstayoutofdebtkeepcalmandstayoutofdebt Forumite
    4.2K posts
    Eighth Anniversary 1,000 Posts Photogenic
    ✭✭✭✭
    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!!
  • fermifermi Forumite, Board Guide
    40.6K posts
    Intrepid Forum Explorer Rampant Recycler Newshound! Car Insurance Carver!
    ✭✭✭✭✭
    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
    I'm a Board Guide on the Debt-Free Wannabe, Bankruptcy, Credit Cards and Loans boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Any views are mine and not the official line of moneysavingexpert.com. Board guides are not moderators. If you spot an inappropriate or illegal post then please report it to [email protected]

    Free/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB

    IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed
  • 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.
    £1000 Emergency fund No90 £1000/1000
    LBM 28/1/15 total debt - [STRIKE]£23,410[/STRIKE] 24/3/16 total debt - £7,298
    !
  • Clive_WoodyClive_Woody Forumite
    5.3K posts
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    ✭✭✭✭
    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?
    "We act as though comfort and luxury are the chief requirements of life, when all that we need to make us happy is something to be enthusiastic about” – Albert Einstein
This discussion has been closed.

Quick links

Essential Money | Who & Where are you? | Work & Benefits | Household and travel | Shopping & Freebies | About MSE | The MoneySavers Arms | Covid-19 & Coronavirus Support