What exactly is a loan that is payday exactly why are they therefore controversial?
The reassuring faces of Wonga, that offers loans beginning at only 1 day – but at a high price.
The Church of England’s claim it will probably undertake Wonga – as well as the subsequent revelation over its opportunities within the firm – have place the limelight straight straight back in the payday advances industry. Wonga could be the firm that is best-known in this arena, providing short-term borrowing at high rates of interest. Just how does it all work?