Need A Loan At 3000% Interest? There’s An App For That!

The app, from Wonga, lets borrowers have up to £1,000 in their bank account within 15 minutes at the astounding cost of 3,000% interest. The cost of borrowing at this level is breathtaking, with a £1,000 loan, turning into a £2,861 debt if you held it for 6 months.

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