Wonga pushes up typical APR to 5,853 per cent - but says that borrowers will pay less for payday loans
thisismoney.co.uk
Wonga pushes up typical APR to 5,853 per cent - but says that borrowers will pay less for payday loans
The whopping increase in Wonga's already astronomical APR is down to average loan period falling. The period of time that borrowers are taking to repay its loans has fallen from 30 days to 15.
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