Wonga in bother over student loan campaign
A page on the Wonga website that pushed a short-term loan as a good thing for students on a tight budget has been branded as ‘incredibly irresponsible’ and here at Bitterwallet we are proposing that the owner of Wonga should be attacked by a savage owl or something.
"It is highly irresponsible of any company to suggest to students that high-cost short-term loans be a part of their everyday financial planning," said Pete Mercer, NUS vice-president.
"Students should think long and hard before choosing payday loans over any other form of borrowing, including government-backed student loans. If students are struggling to make ends meet there is often other support available, and anyone worried about their finances should talk to their students' union or financial advisers at their university.
"Wonga should immediately withdraw this predatory [offer], which contains information that appears to be inaccurate, and is aimed at financially vulnerable young people."
We note that Mercer stopped short of advocating a savage owl attack but we’re pretty sure that he was thinking about it. Obvious really isn’t it?