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Newcastle and Wonga.com. An acceptable partnership? 22:51 - Oct 9 with 4456 viewsN12Hoop

Does there come a point when football clubs consider whether there is a wider social consideration to be considered when accepting a sponsor? Loads of football clubs are sponsored by betting companies and alcohol companies. Does this encourage gambling and drinking? I don't know, and i suspect not, but Wonga lend money at 4000% apr to people in need of a quick fix and if they can't repay sell it to debt recovery agents at 20p in the £ (so i've been told).
Should a football club associate themselves with this sort of organisation or should they just accept the cash and argue it's not their problem?

Poll: Who would you most like to see win the Premiership?

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Newcastle and Wonga.com. An acceptable partnership? on 10:05 - Oct 10 with 1043 viewsKevinPR

Last time I checked Newcastle was in Britain under British law.
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Newcastle and Wonga.com. An acceptable partnership? on 10:13 - Oct 10 with 1033 viewstoboboly

Newcastle and Wonga.com. An acceptable partnership? on 10:03 - Oct 10 by real_loftus

Good job Sharia law doesnt apply here then.


Funny how they don't say a word about any of the other sponsors. Or that Blackpool are sponsored by Wonga.

Hypocritical tw@ts.

Sexy Asian dwarves wanted.

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Newcastle and Wonga.com. An acceptable partnership? on 10:17 - Oct 10 with 1029 viewsKonk

Newcastle and Wonga.com. An acceptable partnership? on 10:04 - Oct 10 by toboboly

If they are that desperate then getting money from a company with such high APR is only going to make things worse. It's a vicious circle but going to Wonga and their ilk will only makes things worse.


I appreciate that, but if you found yourself in desperate circumstances and needing to put food on the table/pay your gas bill/buy your kids some new shoes etc, then some folk don't have any alternative. All it takes is something else to go tits up and all of a sudden you can't pay your loan back, the interest builds up etc and you're even more fu cked. No one with alternative options is going to sign-up for these sort of loans are they? Same as people who use loan sharks.

If you're lucky enough to have never been in that boat then great, but an awful lot of people live hand to mouth. Not everyone's borrowing money for Plasma screens and holidays in Florida.

Fulham FC: It's the taking part that counts

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Newcastle and Wonga.com. An acceptable partnership? on 10:24 - Oct 10 with 1018 viewsStanisgod

Newcastle and Wonga.com. An acceptable partnership? on 10:17 - Oct 10 by Konk

I appreciate that, but if you found yourself in desperate circumstances and needing to put food on the table/pay your gas bill/buy your kids some new shoes etc, then some folk don't have any alternative. All it takes is something else to go tits up and all of a sudden you can't pay your loan back, the interest builds up etc and you're even more fu cked. No one with alternative options is going to sign-up for these sort of loans are they? Same as people who use loan sharks.

If you're lucky enough to have never been in that boat then great, but an awful lot of people live hand to mouth. Not everyone's borrowing money for Plasma screens and holidays in Florida.


Good post.

It's being so happy that keeps me going.

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Newcastle and Wonga.com. An acceptable partnership? on 10:24 - Oct 10 with 1016 viewsTrom

Newcastle and Wonga.com. An acceptable partnership? on 23:03 - Oct 9 by Northernr

Interviewed the guy from Wonga recently. very keen to distance himself from the idea of being a pay-day lender. Basically aid the oft quoted 4,000% apr was a nonsense because APR is judged over a year and you can only borrow from his company for a fortnight. Also explained a bit about how the approval works, and says two thirds of applicants are rejected. If you go on their site it's recording everything you do from the moment you get on, so don't go on there and play around first if you're planning on making a serious application because it will remember your previous activity and use it against you. And I can't remember how many times you can default before the account is frozen and the amount stops increasing but it's not many - maybe two occasions.
They've just launched Wonga for business as well.

He was basically saying that in this day and age when the banks won't lend to anybody there has to be other alternatives.


All interest rates are quoted annually regardless of the length of time they actually relate to sp you can make comparisons regardless of the length of the lending period. So his arguement that 4,000% is nonsense is rubbish.

The reason that the interest rate is so high is so that they can ce with defaults as they are lending to people with low or zero credit ratings.

Very morally dubious business.
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Newcastle and Wonga.com. An acceptable partnership? on 10:33 - Oct 10 with 1003 viewspaesanu

Would be interesting to know if anyone on this board can pipe up and say 'yes, I've used Wonga and it helped'.


Poll: If you see someone filming their partner driving at 160mph.. would you

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Newcastle and Wonga.com. An acceptable partnership? on 10:38 - Oct 10 with 995 viewsdaveB

not used wonga but know someone who used payday loans which has a similar rate of interest and they had no problem with them, paid the loan back in two months with no problems. I'm not sure why Virgin are allowed to sponsor Newcastle when the interest rate on their credit cards is huge but wonga is a no go. Also Norhtern Rock sponsored them at one stage and they were hardly angels.
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Newcastle and Wonga.com. An acceptable partnership? on 10:39 - Oct 10 with 992 viewsdaveB

Newcastle and Wonga.com. An acceptable partnership? on 09:00 - Oct 10 by YorkRanger

and that is nonsense as most (if not all) of Virgin Money's loan and mortgage products also breach Sharia Law


what is Sharia Law? Is that the one about the hips don't lie?
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Newcastle and Wonga.com. An acceptable partnership? on 10:39 - Oct 10 with 990 viewstoboboly

Newcastle and Wonga.com. An acceptable partnership? on 10:17 - Oct 10 by Konk

I appreciate that, but if you found yourself in desperate circumstances and needing to put food on the table/pay your gas bill/buy your kids some new shoes etc, then some folk don't have any alternative. All it takes is something else to go tits up and all of a sudden you can't pay your loan back, the interest builds up etc and you're even more fu cked. No one with alternative options is going to sign-up for these sort of loans are they? Same as people who use loan sharks.

If you're lucky enough to have never been in that boat then great, but an awful lot of people live hand to mouth. Not everyone's borrowing money for Plasma screens and holidays in Florida.


And how does using Wonga help in that situation?

Bank's/shop cards/utilities will take time for you to pay. If you only need the cash for a few days/weeks then just hold tight rather than digging yourself into a deeper hole by loaning money at a far higher rate.

Sexy Asian dwarves wanted.

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Newcastle and Wonga.com. An acceptable partnership? on 10:53 - Oct 10 with 979 viewsGeorge2Santos

http://www.telegraph.co.uk/sport/football/teams/newcastle-united/9596544/Newcast

Of some relevance to this discussion, plus Thom Gibbs is a hoop.
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Newcastle and Wonga.com. An acceptable partnership? on 10:54 - Oct 10 with 974 viewsKonk

Newcastle and Wonga.com. An acceptable partnership? on 10:39 - Oct 10 by toboboly

And how does using Wonga help in that situation?

Bank's/shop cards/utilities will take time for you to pay. If you only need the cash for a few days/weeks then just hold tight rather than digging yourself into a deeper hole by loaning money at a far higher rate.


Maybe it's difficult to understand if you haven't been in that situation. If you're borrowing to feed your kids or send your kid to school in shoes that aren't falling apart, then I reckon you can't always hold on a few days/weeks until you have the money.

Fulham FC: It's the taking part that counts

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Newcastle and Wonga.com. An acceptable partnership? on 11:19 - Oct 10 with 957 viewsQPR_Jim

Newcastle and Wonga.com. An acceptable partnership? on 10:54 - Oct 10 by Konk

Maybe it's difficult to understand if you haven't been in that situation. If you're borrowing to feed your kids or send your kid to school in shoes that aren't falling apart, then I reckon you can't always hold on a few days/weeks until you have the money.


I can see what your saying about people who genuinely need it but the only person i know to have used a wonga loan is a thick chav who wants money for drugs and basically takes out ever increasing loans until he spends a day harassing his dad (who i work with) into lending him money to pay them off and/or to get his phone/xbox out of a pawn shop.

I dislike wonga because anyone can tell he's not going to he able to pay them back, so why do they lend to people like him. The whole idea of lending to someone over the internet without fully understanding their situation seems wrong to me. It really should be a last resort.
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Newcastle and Wonga.com. An acceptable partnership? on 11:35 - Oct 10 with 944 viewsKonk

Newcastle and Wonga.com. An acceptable partnership? on 11:19 - Oct 10 by QPR_Jim

I can see what your saying about people who genuinely need it but the only person i know to have used a wonga loan is a thick chav who wants money for drugs and basically takes out ever increasing loans until he spends a day harassing his dad (who i work with) into lending him money to pay them off and/or to get his phone/xbox out of a pawn shop.

I dislike wonga because anyone can tell he's not going to he able to pay them back, so why do they lend to people like him. The whole idea of lending to someone over the internet without fully understanding their situation seems wrong to me. It really should be a last resort.


I'm sure a lot of people are using them for stuff like that, but as for the question, why do people use them, I bet a fair percentage of their punters do so for day-to-day living.

Banks favourite customers are the people who can't pay back loans on time/clear credit card balances, because the interest stacks up. People need to take personal responsibility, but years ago, I had a colleague on £20k a year with £45k worth of credit card debt, because as long as he was making his minimum payments, he had an excellent credit rating. He was never in a position to actually reduce the debt and yet they kept upping his credit limit. His own fault for living so far beyond his means to begin with, but what the fuc k were the banks doing giving him so much credit?

Fulham FC: It's the taking part that counts

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Newcastle and Wonga.com. An acceptable partnership? on 11:39 - Oct 10 with 940 viewsWatford_Ranger

Is this going to result in more people using payday loans or just Wonga lending to a greater percentage of those who do?

I don't see a problem with this myself. People's gripes should be with the legislators that allow legalised loan sharking to exist. If companies want to offer money at that rate and people are willing to borrow it then let them get on with it until the law dictates otherwise.
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Newcastle and Wonga.com. An acceptable partnership? on 13:37 - Oct 10 with 909 viewshoops_legend

Newcastle and Wonga.com. An acceptable partnership? on 11:35 - Oct 10 by Konk

I'm sure a lot of people are using them for stuff like that, but as for the question, why do people use them, I bet a fair percentage of their punters do so for day-to-day living.

Banks favourite customers are the people who can't pay back loans on time/clear credit card balances, because the interest stacks up. People need to take personal responsibility, but years ago, I had a colleague on £20k a year with £45k worth of credit card debt, because as long as he was making his minimum payments, he had an excellent credit rating. He was never in a position to actually reduce the debt and yet they kept upping his credit limit. His own fault for living so far beyond his means to begin with, but what the fuc k were the banks doing giving him so much credit?


People really shouldn't be living right on the line where they need Wonga's help unless in very extreme circumstances.... I bet there are handfuls of people who wait until payday to survive and expect help from benefits etc when something different happens (i.e. sacked) and haven't got a back up plan. Then they go to Wonga and get themselves into more trouble. There is rarely an excuse not to have some savings to bail yourself out for at least 1-2 months otherwise you are doing something wrong.

If you can't afford to pay electricty bills, council tax etc, why are you in such a large flat/house? If you can't afford food, why have you got Sky TV,

I know a lot of people living right on the breadline yet they have an iPhone - wtf? Just get a normal cheap phone and appreciate what you have. People always have this desire for the 'latest goods' but really what does it bring to their life especially if they cannot afford it?

Poll: Would you rather win league cup or survive?

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Newcastle and Wonga.com. An acceptable partnership? on 13:49 - Oct 10 with 904 viewsCroydonCaptJack

Sadly the rise of this and similar Companies is a sign of the times.
The Irony is that people (and Governments/Nations) got into too much debt in the first place which led us into this recession. These Companies are now profiting from putting people back into debt
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Newcastle and Wonga.com. An acceptable partnership? on 13:51 - Oct 10 with 901 viewsTacticalR

One of my favourite lines in Springsteen's Atlantic City:

"Well, I got a job and I put my money away
But I got the kind of debts that no honest man can pay"


Air hostess clique

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Newcastle and Wonga.com. An acceptable partnership? on 14:25 - Oct 10 with 883 viewsKonk

Newcastle and Wonga.com. An acceptable partnership? on 13:37 - Oct 10 by hoops_legend

People really shouldn't be living right on the line where they need Wonga's help unless in very extreme circumstances.... I bet there are handfuls of people who wait until payday to survive and expect help from benefits etc when something different happens (i.e. sacked) and haven't got a back up plan. Then they go to Wonga and get themselves into more trouble. There is rarely an excuse not to have some savings to bail yourself out for at least 1-2 months otherwise you are doing something wrong.

If you can't afford to pay electricty bills, council tax etc, why are you in such a large flat/house? If you can't afford food, why have you got Sky TV,

I know a lot of people living right on the breadline yet they have an iPhone - wtf? Just get a normal cheap phone and appreciate what you have. People always have this desire for the 'latest goods' but really what does it bring to their life especially if they cannot afford it?


There are 2.5m people officially out of work in the UK. Food and utility bills have gone through the roof, rents keep rising (in London, at least) and the economy's been on it's ar se for 3-4 years. For every idiot sat around out of work chain smoking whilst watching Cash in the attic on a 52" plasma screen, there's a family struggling - really struggling - to make ends meet. I think there are a lot more than a handful of people living hand-to-mouth in this country and I don't think it's always because of anything they've done wrong. Not everyone struggling to get by has a SKY subscription and an i-phone.

You only have to look at the proliferation of pawn shops in this country and the rise of short term loan companies to know that a lot of people are in dire straits financially. People aren't paying exhorbitant levels of interest because they're masochists. It's their only option when they 'need' money.

If I lost my job tomorrow, we could scrape by on my wife's income. If she lost her job, we could get help from friends and family. If not, we have a fair chunk of credit available to us via banks/credit cards to tide us over. Not everyone has that luxury.

Fulham FC: It's the taking part that counts

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Newcastle and Wonga.com. An acceptable partnership? on 14:30 - Oct 10 with 876 viewstoboboly

Newcastle and Wonga.com. An acceptable partnership? on 14:25 - Oct 10 by Konk

There are 2.5m people officially out of work in the UK. Food and utility bills have gone through the roof, rents keep rising (in London, at least) and the economy's been on it's ar se for 3-4 years. For every idiot sat around out of work chain smoking whilst watching Cash in the attic on a 52" plasma screen, there's a family struggling - really struggling - to make ends meet. I think there are a lot more than a handful of people living hand-to-mouth in this country and I don't think it's always because of anything they've done wrong. Not everyone struggling to get by has a SKY subscription and an i-phone.

You only have to look at the proliferation of pawn shops in this country and the rise of short term loan companies to know that a lot of people are in dire straits financially. People aren't paying exhorbitant levels of interest because they're masochists. It's their only option when they 'need' money.

If I lost my job tomorrow, we could scrape by on my wife's income. If she lost her job, we could get help from friends and family. If not, we have a fair chunk of credit available to us via banks/credit cards to tide us over. Not everyone has that luxury.


But if you did the last thing you would do is get money from a company that will charge you exhorbitant interest. That only makes your situation worse.

Sexy Asian dwarves wanted.

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Newcastle and Wonga.com. An acceptable partnership? on 14:36 - Oct 10 with 868 viewsKonk

Newcastle and Wonga.com. An acceptable partnership? on 14:30 - Oct 10 by toboboly

But if you did the last thing you would do is get money from a company that will charge you exhorbitant interest. That only makes your situation worse.


But if you don't have any credit history/you're out of work/your finances are foo ked and you only want to borrow a small sum then the big banks are unlikely to be lending you £100 to get your car mended/buy that month's bus pass or whatever.

I know it might seem 'stupid' to borrow money from these sources, but for some people, they're the only option. Anyhow, we'll have to agree to differ on this one.

Fulham FC: It's the taking part that counts

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Newcastle and Wonga.com. An acceptable partnership? on 14:40 - Oct 10 with 865 viewstoboboly

Newcastle and Wonga.com. An acceptable partnership? on 14:36 - Oct 10 by Konk

But if you don't have any credit history/you're out of work/your finances are foo ked and you only want to borrow a small sum then the big banks are unlikely to be lending you £100 to get your car mended/buy that month's bus pass or whatever.

I know it might seem 'stupid' to borrow money from these sources, but for some people, they're the only option. Anyhow, we'll have to agree to differ on this one.


It's cool if we differ. I just think that people can raise cash in far better ways than utilising schemes such as Wonga's.

Although I may need to use them to get a ticket from seatwave for our next visit to yours!


Sexy Asian dwarves wanted.

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Newcastle and Wonga.com. An acceptable partnership? on 14:42 - Oct 10 with 864 viewsKonk

Newcastle and Wonga.com. An acceptable partnership? on 14:40 - Oct 10 by toboboly

It's cool if we differ. I just think that people can raise cash in far better ways than utilising schemes such as Wonga's.

Although I may need to use them to get a ticket from seatwave for our next visit to yours!



Maybe you could sell your plasma telly or move into a smaller gaff? (Joke!)

£50 or whatever we charge is an absolute pi sstake to watch two average sides, but I thought last year was great value for money!

Fulham FC: It's the taking part that counts

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Newcastle and Wonga.com. An acceptable partnership? on 15:01 - Oct 10 with 853 viewstoboboly

Newcastle and Wonga.com. An acceptable partnership? on 14:42 - Oct 10 by Konk

Maybe you could sell your plasma telly or move into a smaller gaff? (Joke!)

£50 or whatever we charge is an absolute pi sstake to watch two average sides, but I thought last year was great value for money!


I need that plasma telly to watch Judge Judy you heartless sod.

Sexy Asian dwarves wanted.

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Newcastle and Wonga.com. An acceptable partnership? on 15:27 - Oct 10 with 835 viewsTacticalR

One incredible thing is the extent of hunger in the USA, described by (ex-Londoner) Sasha Abramsky who estimated the figure at between 50 and 60 million in 2009:
http://grittv.org/2009/07/14/the-hidden-scandal-of-american-hunger/

(The video is about 25 minutes, but if you don't have time to watch the whole thing go 4:30 and watch the interview with Walmart employee Aubretia Edick).

Walmart is owned by the wife of Stan Kroenke, the owner of Arsenal.

Air hostess clique

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Newcastle and Wonga.com. An acceptable partnership? on 15:31 - Oct 10 with 831 viewsAunt_Nelly

Newcastle and Wonga.com. An acceptable partnership? on 23:03 - Oct 9 by Northernr

Interviewed the guy from Wonga recently. very keen to distance himself from the idea of being a pay-day lender. Basically aid the oft quoted 4,000% apr was a nonsense because APR is judged over a year and you can only borrow from his company for a fortnight. Also explained a bit about how the approval works, and says two thirds of applicants are rejected. If you go on their site it's recording everything you do from the moment you get on, so don't go on there and play around first if you're planning on making a serious application because it will remember your previous activity and use it against you. And I can't remember how many times you can default before the account is frozen and the amount stops increasing but it's not many - maybe two occasions.
They've just launched Wonga for business as well.

He was basically saying that in this day and age when the banks won't lend to anybody there has to be other alternatives.


Did you have the Peri-Peri chicken?
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