RodneyCisse Posted October 6, 2012 Share Posted October 6, 2012 I don't think I'd buy another home shirt again if these cowboys are on the front. I wouldn't, probably 1000s who wouldn't. Link to post Share on other sites More sharing options...
Si Posted October 6, 2012 Share Posted October 6, 2012 Dafuq is Wonga? A payday loan company that charges interest rates of about 3333% (not s*** either, it actually does). There has been calls from politicians, members of the public, and even journalists that companies like them should be banned. If their interest rates weren't bad enough they clearly target those who can't get credit and to make matters worse even if a customers payed back their loan on time and didn't default on payments then it does not positively effect their credit score. How is that legal? Thats the big question, it f***ing shouldn't be. To be fair it's not as if it isn't declared. Only because it has to be, they go as far as the possibly can to disguise the fact. How can that level of interest ever be fair? Also how can these loans which are offered to people who obviously can't be given credit via other means be handed to them without the possibility of building their credit rating to escape companies like them? (gaining a loan from Wonga can actually worsen your credit rating even if you do pay it off without defaults as other companies will look at who you are dealing with, coming to the conclusion that you are obviously desperate for finance and opting not to take the chance on you because you quite liekly won't have the funds to pay them back if your that desperate for money). Sorry but I have no sympathy, as said they have to state the terms and if people can't get credit apart from going to companies like this they have gotten themselves into that position. They are extortionate fuckers but they don't force loans onto people. Don't know how borrowing from Wonga can worsen your credit rating either, when I worked for a mortgage lender the score was generated by Experian based on your history of payments etc. Unless it's pre-programmed to downgrade it based on where you borrow from but that seems unlikely. Could have completely changed though haven't worked for a bank in years. Link to post Share on other sites More sharing options...
thomas Posted October 6, 2012 Share Posted October 6, 2012 New poll: Hitler or Wonga edit: ghost of hitler. Link to post Share on other sites More sharing options...
Deuce Posted October 6, 2012 Share Posted October 6, 2012 Nee ones going to buy a shirt with WONGA on man. FFS. Could be worse: http://supportyourlocalgunfighter.com/wp-content/uploads/Philadelphia-Union-Bimbo.jpg Rather like that one myself I think the logo looks smart, but the name ffs Nobody wants to run around being called a bimbo Link to post Share on other sites More sharing options...
Jill Posted October 6, 2012 Share Posted October 6, 2012 I don't think I'd buy another home shirt again if these cowboys are on the front. Safe to say interest in the current shirts just shot up several thousand percent. Link to post Share on other sites More sharing options...
Dave Posted October 6, 2012 Share Posted October 6, 2012 Nee ones going to buy a shirt with WONGA on man. FFS. Could be worse: http://supportyourlocalgunfighter.com/wp-content/uploads/Philadelphia-Union-Bimbo.jpg Rather like that one myself I think the logo looks smart, but the name ffs Nobody wants to run around being called a bimbo It'd go down a treat with our ladies team. Link to post Share on other sites More sharing options...
Deuce Posted October 6, 2012 Share Posted October 6, 2012 New poll: Hitler or Wonga edit: ghost of hitler. Hitler Moist Toilettes Link to post Share on other sites More sharing options...
Cajun Posted October 6, 2012 Share Posted October 6, 2012 Dafuq is Wonga? A payday loan company that charges interest rates of about 3333% (not shit either, it actually does). There has been calls from politicians, members of the public, and even journalists that companies like them should be banned. If their interest rates weren't bad enough they clearly target those who can't get credit and to make matters worse even if a customers payed back their loan on time and didn't default on payments then it does not positively effect their credit score. How is that legal? Thats the big question, it fucking shouldn't be. To be fair it's not as if it isn't declared. Only because it has to be, they go as far as the possibly can to disguise the fact. How can that level of interest ever be fair? Also how can these loans which are offered to people who obviously can't be given credit via other means be handed to them without the possibility of building their credit rating to escape companies like them? (gaining a loan from Wonga can actually worsen your credit rating even if you do pay it off without defaults as other companies will look at who you are dealing with, coming to the conclusion that you are obviously desperate for finance and opting not to take the chance on you because you quite liekly won't have the funds to pay them back if your that desperate for money). Sorry but I have no sympathy, as said they have to state the terms and if people can't get credit apart from going to companies like this they have gotten themselves into that position. They are extortionate fuckers but they don't force loans onto people. You do know people can get poor credit ratings for legitimate reasons right? Simply applying for the wrong type of credit cards can seriously damage your credit rating even though you are responsible financially, also things like companies still billing you for services despite you cancelling contracts/subscriptions can also damage your credit rating, and their many more reasons. Sometimes for a period of time it's only companies like these who will offer finance and if you need it (even if it's for a brief period of transition) then what other option is there? I struggle to believe many are getting loans from these companies for these reasons. More likely greedy/thick people who see the 'free' money without considering the consequences. At the end of the day if you can't afford to repay the money, don't take it in the first place. Link to post Share on other sites More sharing options...
Disco Posted October 6, 2012 Share Posted October 6, 2012 Nee ones going to buy a shirt with WONGA on man. FFS. Could be worse: http://supportyourlocalgunfighter.com/wp-content/uploads/Philadelphia-Union-Bimbo.jpg Rather like that one myself I think the logo looks smart, but the name ffs Nobody wants to run around being called a bimbo I'm guessing the name doesn't have the same connotations in Spanish. Link to post Share on other sites More sharing options...
Stifler Posted October 6, 2012 Share Posted October 6, 2012 Dafuq is Wonga? A payday loan company that charges interest rates of about 3333% (not shit either, it actually does). There has been calls from politicians, members of the public, and even journalists that companies like them should be banned. If their interest rates weren't bad enough they clearly target those who can't get credit and to make matters worse even if a customers payed back their loan on time and didn't default on payments then it does not positively effect their credit score. How is that legal? Thats the big question, it fucking shouldn't be. To be fair it's not as if it isn't declared. Only because it has to be, they go as far as the possibly can to disguise the fact. How can that level of interest ever be fair? Also how can these loans which are offered to people who obviously can't be given credit via other means be handed to them without the possibility of building their credit rating to escape companies like them? (gaining a loan from Wonga can actually worsen your credit rating even if you do pay it off without defaults as other companies will look at who you are dealing with, coming to the conclusion that you are obviously desperate for finance and opting not to take the chance on you because you quite liekly won't have the funds to pay them back if your that desperate for money). Sorry but I have no sympathy, as said they have to state the terms and if people can't get credit apart from going to companies like this they have gotten themselves into that position. They are extortionate fuckers but they don't force loans onto people. You do know people can get poor credit ratings for legitimate reasons right? Simply applying for the wrong type of credit cards can seriously damage your credit rating even though you are responsible financially, also things like companies still billing you for services despite you cancelling contracts/subscriptions can also damage your credit rating, and their many more reasons. Sometimes for a period of time it's only companies like these who will offer finance and if you need it (even if it's for a brief period of transition) then what other option is there? I struggle to believe many are getting loans from these companies for these reasons. More likely greedy/thick people who see the 'free' money without considering the consequences. At the end of the day if you can't afford to repay the money, don't take it in the first place. Thats my exact point, people who can afford to pay them back and do pay them back aren't being rewarded with a higher credit rating. Link to post Share on other sites More sharing options...
Guest Posted October 6, 2012 Share Posted October 6, 2012 Not saying it's ethically right targetting struggling people etc, but the interest rates are ludicrously high purely because of the short term they loan for but them having to declare the rate based on a full year. A normal unsecured loan for someone with a good credit rating and income is about 6% APR. If a company like Wonga were willing to lend you £100 for a month at that rate they'd make 50p from it. Hardly a sustainable business model. Wonga is to loans, what taxis are to journeys. They're fine for short journeys, but if you're going to get a taxi from Newcastle to London it'll cost a shitload. Link to post Share on other sites More sharing options...
Cajun Posted October 6, 2012 Share Posted October 6, 2012 Dafuq is Wonga? A payday loan company that charges interest rates of about 3333% (not shit either, it actually does). There has been calls from politicians, members of the public, and even journalists that companies like them should be banned. If their interest rates weren't bad enough they clearly target those who can't get credit and to make matters worse even if a customers payed back their loan on time and didn't default on payments then it does not positively effect their credit score. How is that legal? Thats the big question, it fucking shouldn't be. To be fair it's not as if it isn't declared. Only because it has to be, they go as far as the possibly can to disguise the fact. How can that level of interest ever be fair? Also how can these loans which are offered to people who obviously can't be given credit via other means be handed to them without the possibility of building their credit rating to escape companies like them? (gaining a loan from Wonga can actually worsen your credit rating even if you do pay it off without defaults as other companies will look at who you are dealing with, coming to the conclusion that you are obviously desperate for finance and opting not to take the chance on you because you quite liekly won't have the funds to pay them back if your that desperate for money). Sorry but I have no sympathy, as said they have to state the terms and if people can't get credit apart from going to companies like this they have gotten themselves into that position. They are extortionate fuckers but they don't force loans onto people. You do know people can get poor credit ratings for legitimate reasons right? Simply applying for the wrong type of credit cards can seriously damage your credit rating even though you are responsible financially, also things like companies still billing you for services despite you cancelling contracts/subscriptions can also damage your credit rating, and their many more reasons. Sometimes for a period of time it's only companies like these who will offer finance and if you need it (even if it's for a brief period of transition) then what other option is there? I struggle to believe many are getting loans from these companies for these reasons. More likely greedy/thick people who see the 'free' money without considering the consequences. At the end of the day if you can't afford to repay the money, don't take it in the first place. Thats my exact point, people who can afford to pay them back and do pay them back aren't being rewarded with a higher credit rating. If you are in a position where you have to take a loan from one of these companies surely your credit rating is shit anyway? Link to post Share on other sites More sharing options...
Revolution Number 9 Posted October 6, 2012 Share Posted October 6, 2012 Nee ones going to buy a shirt with WONGA on man. FFS. Could be worse: http://supportyourlocalgunfighter.com/wp-content/uploads/Philadelphia-Union-Bimbo.jpg Rather like that one myself I think the logo looks smart, but the name ffs Nobody wants to run around being called a bimbo I'm guessing the name doesn't have the same connotations in Spanish. Eh, why would that matter? Is it a Spanish company? Link to post Share on other sites More sharing options...
nemtizz Posted October 6, 2012 Share Posted October 6, 2012 Shirt sponsor? Meh, not the end of the world. Wonga Arena... f*** that! Link to post Share on other sites More sharing options...
Dave Posted October 6, 2012 Share Posted October 6, 2012 Not saying it's ethically right targetting struggling people etc, but the interest rates are ludicrously high purely because of the short term they loan for but them having to declare the rate based on a full year. A normal unsecured loan for someone with a good credit rating and income is about 6% APR. If a company like Wonga were willing to lend you £100 for a month at that rate they'd make 50p from it. Hardly a sustainable business model. Wonga is to loans, what taxis are to journeys. They're fine for short journeys, but if you're going to get a taxi from Newcastle to London it'll cost a shitload. Exactly, a good analogy. Link to post Share on other sites More sharing options...
Dave Posted October 6, 2012 Share Posted October 6, 2012 Nee ones going to buy a shirt with WONGA on man. FFS. Could be worse: http://supportyourlocalgunfighter.com/wp-content/uploads/Philadelphia-Union-Bimbo.jpg Rather like that one myself I think the logo looks smart, but the name ffs Nobody wants to run around being called a bimbo I'm guessing the name doesn't have the same connotations in Spanish. Eh, why would that matter? Is it a Spanish company? It's bread/a bakery company IIRC. Link to post Share on other sites More sharing options...
Revolution Number 9 Posted October 6, 2012 Share Posted October 6, 2012 Shirt sponsor? Meh, not the end of the world. Wonga Arena... f*** that! Wongarena. Link to post Share on other sites More sharing options...
WarrenBartonCentrePartin Posted October 6, 2012 Share Posted October 6, 2012 Link to post Share on other sites More sharing options...
Deuce Posted October 6, 2012 Share Posted October 6, 2012 Nee ones going to buy a shirt with WONGA on man. FFS. Could be worse: http://supportyourlocalgunfighter.com/wp-content/uploads/Philadelphia-Union-Bimbo.jpg Rather like that one myself I think the logo looks smart, but the name ffs Nobody wants to run around being called a bimbo I'm guessing the name doesn't have the same connotations in Spanish. Eh, why would that matter? Is it a Spanish company? It's bread/a bakery company IIRC. Yep Link to post Share on other sites More sharing options...
nemtizz Posted October 6, 2012 Share Posted October 6, 2012 Telegraph say we're in talks then they state that it's been agreed. I'm calling bs. Link to post Share on other sites More sharing options...
Disco Posted October 6, 2012 Share Posted October 6, 2012 Nee ones going to buy a shirt with WONGA on man. FFS. Could be worse: http://supportyourlocalgunfighter.com/wp-content/uploads/Philadelphia-Union-Bimbo.jpg Rather like that one myself I think the logo looks smart, but the name ffs Nobody wants to run around being called a bimbo I'm guessing the name doesn't have the same connotations in Spanish. Eh, why would that matter? Is it a Spanish company? It's bread/a bakery company IIRC. Yep Mexican ain't it? Sure I've seen them sponsoring a couple of their teams. Link to post Share on other sites More sharing options...
Deuce Posted October 6, 2012 Share Posted October 6, 2012 EDIT: nevermind, already done. Link to post Share on other sites More sharing options...
Ameritoon Posted October 6, 2012 Share Posted October 6, 2012 Nee ones going to buy a shirt with WONGA on man. FFS. Could be worse: http://supportyourlocalgunfighter.com/wp-content/uploads/Philadelphia-Union-Bimbo.jpg Rather like that one myself I think the logo looks smart, but the name ffs Nobody wants to run around being called a bimbo I'm guessing the name doesn't have the same connotations in Spanish. Eh, why would that matter? Is it a Spanish company? It's bread/a bakery company IIRC. Yep Mexican ain't it? Sure I've seen them sponsoring a couple of their teams. Yeah, they're all over the Mexican league. Link to post Share on other sites More sharing options...
Dave Posted October 6, 2012 Share Posted October 6, 2012 http://i.imgur.com/1Axy0.jpg Link to post Share on other sites More sharing options...
Deuce Posted October 6, 2012 Share Posted October 6, 2012 Nee ones going to buy a shirt with WONGA on man. FFS. Could be worse: http://supportyourlocalgunfighter.com/wp-content/uploads/Philadelphia-Union-Bimbo.jpg Rather like that one myself I think the logo looks smart, but the name ffs Nobody wants to run around being called a bimbo I'm guessing the name doesn't have the same connotations in Spanish. Eh, why would that matter? Is it a Spanish company? It's bread/a bakery company IIRC. Yep Mexican ain't it? Sure I've seen them sponsoring a couple of their teams. Yep, they sponsor a few Mexican teams as well as the Philadelphia Union in MLS. I'm guessing 'bimbo' probably doesn't mean female airhead in Spanish Link to post Share on other sites More sharing options...
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