PayDay Saving
Is this an alternative approach to PayDay Lending?
PayDay Saving
I hope the Winchester isn’t like the one in Minder.
Wonga Fraud Claims Grow
The BBC Watchdog programme is reporting increasing fraud based around Wonga. Here’s the introduction.
There’s been a growing number of complaints from victims about bank fraud, according to the BBC’s Watchdog programme.
It says it has heard from more than 350 people who claim their accounts have been raided for loans they didn’t take out.
They include 16-year-old student Simon Oliver from East Sussex.
“I was at Gatwick airport on a school trip and went to pay for some food and my card didn’t work,” he said.
It strikes me, that Wonga aren’t doing their checks correctly, as obviously, the sixteen year old, who was defrauded shouldn’t have been able to take out a long.
One point is that, the money has been loaned to a different bank account to the one where the payments are taken.
Surely, Wonga, do check bank accounts thoroughly! It looks like they don’t!
I just checked with a guy I know, who’s run finance companies and only in very rare circumstances, would you send the loan to one account and get the repayments for another. Usually, it was a commercial loan, where Director’s guarantees were involved.
I’ve not heard of this fraud being perpetrated on a reputable loan company.
On Line Loan Applications
Someone just tried to put a link to an on-line payday loan company in this post on my blog. As you can see the post is about wind power, so why would someone interested in wind power and Ireland, click away from the page to some dubious on-line loan provider?
I deleted the comment, as I always do with those that aren’t constructive to the blog.
But it got me thinking!
So I typed.
online loan application
Into Google to see what turned up.
The first page had about twenty links, of which only half were for legitimate sources in my view. The rest were in my view the on-line providers, that I find dubious.
I’ve also looked at my spam and note, there are quite a few payday loan companies trying to advertise using my site, but they have been stopped by the spam filter in WordPress.
Another High Interest Lender Hits The Streets
Or that’s what I think it is!
At least the adverts seem to discourage you from contacting the company, by making you vomit.
The Anonymous Widower 