Hey, we’re far too modest to claim that ourselves, but we’ve just been shortlisted in that prestigious category in this year’s Startups Awards! We’re also in the running for the Best Use of Technology gong. A double whammy.
Hi there
We have removed the previous material on this page, which was about student finances, the risks of unauthorised overdraft charges and the differences between long and short term loans. We took it down because we do not actively target students as potential customers and we wanted to clear up any confusion about that.
We listen to our customers and public opinion, so it was clear the old article here gave rise to misunderstandings. We would like to clarify that Wonga does not target students. Yet we do not discriminate against working, adult students who may choose to apply either, because all applications are assessed in the same robust and completely objective way.
We make decisions based on thousands of pieces of public data, not someone’s educational status. A student would need to have a regular income to be considered for a loan and students represent a miniscule proportion of our customers.
The previous article on this page was several years old and one of many brief pieces we have written about the broad subject of credit since we launched our online loans service. No-one was directed to this page, nor was it prominently promoted on the website. In fact, the main purpose of the content was search engine optimisation, or ‘SEO,’ which is a common practice for any internet business that wants to appear in searches for relevant subjects. In our case, all things relating to loans and credit.
Kind regards
The Wonga team
The Times has written about recent research from Moneyexpert that exposes another ruse by banks to secure even more revenue during the credit crunch and ongoing regulatory pressure.
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The Times has published a fascinating and useful list of money saving tips from the Women’s Institute. Fifty thrifty tips no less!
Some of them sound rather quaint – how many people store their food in a pantry these days?! But you can’t argue with the logic and most people would benefit from a quick refresher on sensible money management. |
Inflation has been back in the news most of this week, as it hit the highest level since UK records began. But many people have been feeling the squeeze without needing a number to tell them the cost of living is soaring.
We receive regular feedback and thanks from customers, which we welcome because it helps us keep improving and often makes everyone’s day!
In fact we’ve found some suggestions so useful that we want to encourage more ideas. One of the ways we’ll be doing this is starting a small and exclusive Wonga User Group.
We still haven’t thought of a catchier name than that, but it will consist of several customers who are happy to help us with occasional feedback on new services, website changes and any ideas we’re testing where we’d appreciate the views of people who use our service.
Your credit history can be a big factor in the cost of borrowing. Like a school report, good behaviour is rewarded, but if you don’t play by the rules it’ll be noted by the credit bureaus and your grades will suffer!
