Money Shop donates A 5,000 to Wisbech...

Money Shop donates A 5,000 to Wisbech's Oasis Centre after being...

There are 1 comment on the Ely Standard story from Sep 5, 2012, titled Money Shop donates A 5,000 to Wisbech's Oasis Centre after being.... In it, Ely Standard reports that:

A FENLAND loans firm that was awarded costs by a planning inspector has handed the 10,000 cash straight over to two charities.

Join the discussion below, or Read more at Ely Standard.

a lender

Hemel Hempstead, UK

#1 Sep 11, 2012
Errol Damelin, chief executive, started Wonga in 2006 when he realised short-term credit was one of the few consumer industries the internet had hardly touched. With models such as Amazon and Facebook in mind, he and technical director Jonty Hurwitz set out to create a website that would challenge competitors by offering instant decisions and total transparency over what borrowers would end up paying.

New customers can borrow up to £400 and nobody can get more than £1,000. The maximum loan period is 30 days, and Wonga can deposit money into a customer’s account within 15 minutes. interest charged is eqivalent to APR is 1750%

Damelin, who built and sold two tech companies before founding Wonga, says all the technology was developed in-house.“Nothing like it existed in the market. People thought it wasn’t possible to deliver loans this seamlessly,” he says

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Cambridgeshire County, England Discussions

Title Updated Last By Comments
News Nato is nominated for international award (Feb '11) 5 hr Dom 4,576
News Before us, the Chickasaw: Their history is ofte... Jun '15 Different times 1
News The alert was raised as the lorry drove north a... Jun '15 Sterkfontein Swar... 1
News 11 weird memes that help explain the British el... May '15 tom wingo 19
News Who is an atheist? (May '10) Apr '15 polymath257 9,356
News IRA dissidents threaten top Sinn Fein politician (Apr '09) Feb '15 James 62
News OAP, 86, cleared of child sex allegations (Oct '12) Feb '15 karen 4
More from around the web