Letter: Loans company heaps misery on nation's poor
It's outrageous to read that the founders of wonga.com made profits last year of more than £45 million.
Published
They live in properties worth millions, while their 'customers' struggle and scrimp to survive. ]
This so-called firm heaps misery on the poor and vulnerable by offering loans with an interest rate of 4,214 per cent apr.
Families who struggle in the recession and are enticed to borrow money to simply survive are easy prey for such vultures.
Normally entrepreneurs are applauded – yet this one leaves a foul taste in people's mouths.
GB Dipper,
Freedom Democrats Party,
Leominster
