Concern from Which? over a new breed of UK bank account and the associated bank charges was recently discussed by the Beeb. It’s another example of the high street banks finding new ways to extract cash from customers after coming under massive pressure about unauthorised overdraft fees.
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The popularity of payday loans online has increased dramatically over the past couple of years as more companies offer payday services and UK consumers experience more frequent cash flow problems. As the Times highlighted this week, Brits have collectively seen an alarming fall in wealth over the past year or so:
No, our wonderful customers haven’t done anything to annoy us. But red has certainly been the dominant colour of the Wonga team’s couture efforts today.
Wonga’s loan calculator makes the most of our unique flexibility, allowing you to choose the exact amount of cash you require, and the number of days you need it for, while clearly showing the changing cost of repayment.
A Wonga customer recently appeared in a Sunday Times feature about innovative new ways to borrow cash.
