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Shaming Wonga is great, but it won’t help people pay the bills | Will Hutton | Commen

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  • #1

    Shaming Wonga is great, but it won’t help people pay the bills | Will Hutton | Commen

    Just a few years ago, payday lending – offering loans at sky-high interest rates to keep the borrower going until the next payday – was a tiny business. Today, it is worth more than £800m a year. Millions of our fellow citizens are so near the financial edge that they will accept absurd interest rates, […]

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  • #2
    Re: Shaming Wonga is great, but it won’t help people pay the bills | Will Hutton | Co

    That's because they're usually desperate or can't get a normal loan

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