[arista]

http://www.guardian.co.uk/money/2013...-england-wonga


Credit Unions to help those in need of money loans.


Wonga sniffed

[The archbishop of Canterbury has told Wonga
that the Church of England wants to "compete" it out of existence
as part of its plans to expand credit unions as an alternative to payday lenders.
The Most Rev Justin Welby said he had delivered the message to Errol Damelin,
the chief executive of Britain's best-known payday lender,
during a "very good conversation".
"I said to him quite bluntly 'we're not in the business of trying to
legislate you out of existence, we're trying to compete you
out of existence'," he told Total Politics magazine.]

[Kizzy]

''The government announced an investment of £38m in credit unions in April to help them offer an alternative option to payday lenders.''

So govenment take money off those in need and invest in credit unions so they can borrow money?

[arista]

Originally Posted by Kizzy

''The government announced an investment of £38m in credit unions in April to help them offer an alternative option to payday lenders.''

So govenment take money off those in need and invest in credit unions so they can borrow money?

But the credit unions
will not charge Wongas fee,
and will give proper Face to Face interviews



Can you not see a postive?

[arista]

Wonga: Church Of England Funding Link Found
An embarrassing financial connection is found between
the Church and a payday loan firm targeted by the Archbishop of Canterbury.
http://news.sky.com/story/1120531/wo...ing-link-found

[Kizzy]

Originally Posted by arista

Wonga: Church Of England Funding Link Found
An embarrassing financial connection is found between
the Church and a payday loan firm targeted by the Archbishop of Canterbury.
http://news.sky.com/story/1120531/wo...ing-link-found

I knew there would be a catch, why would dave fund this when it would be stepping on the toes of his benefactors at Wonga?.......

[Livia]

Wonga and companies like it should be closed. It beats me how they were allowed to set up in the first place.

[Benjamin]

Originally Posted by Livia

Wonga and companies like it should be closed. It beats me how they were allowed to set up in the first place.

Yeah, how they are allowed to exist. The other companies that get me are those cash for gold ones where you send in your jewellery.

[arista]