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Archive for June, 2008

International Wonga!

Thursday, June 26th, 2008

International WongaAs our company develops and we welcome even more top class people to the fold, it’s become apparent we must have one of the widest range of nationalities of any growing business in the world. OK, so we haven’t got the data to prove that rather bold claim but let us know if your young company is even more diverse. Amongst our modestly sized team we can claim representitives of 12 different countries. Thankfully language isn’t a barrier, as we all speak fluent Wonga.

Credit advice for young people

Wednesday, June 25th, 2008

The FSA recently launched a new financial advice site aimed at the yoof, or ‘young adults’ as they put it. To be more specific, people who are lucky enough to be aged 18 to 24. It’s called What About Money.

These people may be in the prime of their life, but it can be a tricky time financially. Cash can be tight because you’re only just starting out on the career ladder and you might not have too much experience of borrowing either.

The site offers bags of independent advice about different products and also a forum where members can discuss queries, concerns or experiences. It’s certainly worth checking out if you’re in need of credit but want some guidance before jumping into the huge and complex world of loans.

With traditional, long-term loans it can often be a case of ‘borrow in haste and repent at leisure,’ because you’re tied in for years, so do your research before committing to any form of credit. Wonga’s website offers borrowing and debt advice.

Short term loans with a difference

Thursday, June 19th, 2008

Short-term loan from WongaWhen we open our doors to the first Wonga customers in the coming weeks, we’ll not be the first company in the land to offer small, short term loans. But we’ll certainly be doing it with a difference.

There’s been some murmerings in the press of ‘payday’ loan companies from America offering month-long loans which come with a fixed fee per £100 borrowed. Sometimes up to £30 or more.

But that’s way too rigid for Wonga. We’ll be the limbo dancer of the small loan world, thanks to our startling flexibility. Not only will you be able to choose exactly how much cash you want to borrow - literally down to the last quid - but also the exact number of the days you need it for (between five and thirty).

That way you also control the cost of the loan, which we’ll show you before you apply. Why borrow £100 for month if you only need £75 for two weeks? Prepare for short term loans YOU control.

Back in town

Monday, June 16th, 2008

Wonga.comHi, we’re back! Sorry for the lack of posts over the past couple of weeks or so - we’ve been changing some back-end stuff. So what’s new in Wonga land? It’s a hive of activity and we’re still working hard, preparing for full launch. It gets closer by the week and there’s not too long to go now folks.

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