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cheltenhamhibee
28-06-2011, 12:57 AM
Does anyone know if wonga has issued any statement about their stance on what is currently happening at the PBS ?

Hibercelona
28-06-2011, 01:01 AM
Does anyone know if wonga has issued any statement about their stance on what is currently happening at the PBS ?

Apparently they aren't taking any action and their sponser will continue as planned.

Some fans sent emails to the company and that was bascially what the replies said.

cheltenhamhibee
28-06-2011, 02:21 AM
Apparently they aren't taking any action and their sponser will continue as planned.

Some fans sent emails to the company and that was bascially what the replies said.

cheers for that, why doesn't it surprise me ? :thumbsup:

Hibercelona
28-06-2011, 02:31 AM
cheers for that, why doesn't it surprise me ? :thumbsup:

Hearts must have a huge "investment" idea planned for Wonga. An offer the company just couldn't turn down. :wink:

hibsforeurope
28-06-2011, 05:59 AM
Seems both are well suited for each other. Obviously no morals.

iwasthere1972
28-06-2011, 12:37 PM
Does anyone know if wonga has issued any statement about their stance on what is currently happening at the PBS ?

They are behind them 4000%.

Elephant Stone
28-06-2011, 12:39 PM
They are behind them 4000%.

:greengrin

Alan62
28-06-2011, 12:45 PM
An organisation that targets people who can least afford credit and charges £129 for a loan of £400 for a month (yes, that's 4214% APR, folks) doesn't really bother too much about morals.

LancashireHibby
28-06-2011, 12:54 PM
An organisation that targets people who can least afford credit and charges £129 for a loan of £400 for a month (yes, that's 4214% APR, folks) doesn't really bother too much about morals.

Thought the same myself.

The_Exile
28-06-2011, 03:17 PM
An organisation that targets people who can least afford credit and charges £129 for a loan of £400 for a month (yes, that's 4214% APR, folks) doesn't really bother too much about morals.

I don't believe anyone is stupid enough to take that much of a loan out over such a long period with those interest rates, I've used them to borrow 100 quid over a few days to avoid a 50 quid bank charge before pay day and it only cost me 7 quid........Yamematics :greengrin

Alan62
28-06-2011, 04:03 PM
You're right to say that Wonga's model is focused on very short term lending. However, not everybody manages to pay back after a few days and that's when their rates get really expensive. Having said that, they still take a hefty chunk even out of small amounts like your £100. £7 may not seem much (especially if you're netting it off against what the bank would have charged you for going overdrawn) but it's still pretty expensive in money lending terms and it's still targeted at people with financial problems. I wouldn't be at all surprised if a lot of Wonga's business is based on the same people going back time and time again for smallish amounts to cover short term cashflow problems and the fees on that over a year will get really expensive.

I wouldn't have been happy with their name on a Hibs strip, that's for sure.

Albion Hibs
28-06-2011, 04:06 PM
A debt driven organisation that preys on the innocent, or was we know them H E A R T S if you can spell it....!

A marriage made in heaven, cant think of a better paring.

Woody1985
28-06-2011, 05:29 PM
I had a payday loan for 240 quid and had to pay back 300. I got stuck in the trap for 17 months and paid around 1300 for the privilege.

Steer clear at all costs.

SmokieJoe
28-06-2011, 09:32 PM
Maybe Vlad went to them to get the candy for FJK's early summer signings, till the season ticket money came flooding in from their 4 trillion supporters?

one merchant banker dealing with a company of merchant bankers, youy decide who is who.:wink: