The pay day loan company “wonga.com” has got in trouble for targetting students. The National Union of Students branded Wonga as “irresponsible” and the pages on Wonga’s website have now been removed.
The company offers short term loans, some of which have interests rates of over 4,000%. Wonga suggested students could suppplement their student loan with a short-term loan for things like holidays.
The pages targeting students have now been removed. Wonga said, “We took it down because we do not actively target students as potential customers and we wanted to clear up any confusion about that.”
Pete Mercer, NUS Vice-President for Welfare, said the targeting of finanicially vulnerable students was ‘irresponsible’.
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