Wonga CEO: People Want Short Term Loans, No Matter What a Loud Minority Says | Money | WIRED
"I think we have mainstream public acceptance -- sometimes a small minority just shouts louder than the majority," says Wonga CEO Errol Damelin. Subscribe to ...
Short Term Loans Similar To Wonga – A personal loan is not the same as a property mortgage or an auto loan. Personal loans allow you to borrow and use the money for what you need. However, like other types of loans, a personal loan must be paid back to the lender in full within the specified time period. Your lender’s loan agreement will detail how much time you have to repay your loan.
The FCA and sites like Wonga. The regulatory body that keeps companies such as Wonga in check is the Financial Conduct Authority (FCA). It was largely in response to media attention surrounding Wonga that the FCA introduced a set of rules for payday lenders in 2015.
Short term loans from R500 - R4000. Fast, flexible and 100% online. No branch visits required, no hidden charges. Quick online decision, cash straight to your bank account if approved.
How do Wonga’s loans hold up against the competition? As well as comparing short-term loans with other types of credit, before you apply for a loan, it’s a good idea to shop around and compare a range of lenders. You can use the tool below to get an idea of how much the loan that you have in mind might cost.
Our online loans are designed to help if you have an unexpected expense and need a little extra cash. Wonga Loans - Credit for the real world.
As well as short-term loans with 34 day maximum terms, Wonga offered the Flexi Loan paid back over three monthly instalments. Wonga loans, according to the provider, are aimed at people on mid-level salaries. These people are usually short of money, have been hit by an unexpected expense or are experiencing short-term cash flow issues.