Ignore Wonga’s spin; they’re still targeting students

Alex Hern covers the continuing deceit of Wonga over their targeting of students for their payday loans

 

Following our revelation that payday loan company Wonga was targeting students for its 4000 per cent APR loans, they have taken down the page that we highlighted.

In its place is a message from the company in which they claim:

We have removed the previous material on this page, which was about student finances, the risks of unauthorised overdraft charges and the differences between long and short term loans. We took it down because we do not actively target students as potential customers and we wanted to clear up any confusion about that.

We listen to our customers and public opinion, so it was clear the old article here gave rise to misunderstandings. We would like to clarify that Wonga does not target students.

This is a climbdown for Wonga, which would not have happened were it not for the outrage expressed at their targeting of payday loans at those who don’t even have a payday.

However, as Tim Ireland at Bloggerheads has uncovered, their actions don’t match up to their claims:

Wonga.com are still actively bidding for queries relating to students and student loans in AdWords. This is completely distinct from their SEO efforts/excuses, and it is not something that happens by accident.

Wonga.com are actively pursuing students and trying to flog them loans at a typical APR of up to 4214 per cent while claiming that they never intended to do any such thing:

This is not the only evidence; Ireland has much more on his site. Wonga have accepted that targeting students is beyond the pale, but they’re still trying to get away with it below the radar.

They have a lot of questions left to answer about the extent to which they prey on vulnerable groups, but the first thing they need to do is come completely clean about the fact that that is indeed what they have been doing to date.

See also:

• Wonga target students with friendly advice: Take our 4000% loan – Alex Hern, January 11th 2012

• Need for affordable credit ‘big bang’ to aid low income communities – Kevin Gulliver, June 27th 2011

• 4,214 per cent APR. Interested? – Byron Orme, April 16th 2011

• Payday lenders: the need for urgent action – Damon Gibbons, January 30th 2011

• Time to muzzle the legal loan sharks – Lisa Nandy, December 12th 2010

39 Responses to “Ignore Wonga’s spin; they’re still targeting students”

  1. Patron Press - #P2

    #UK : Ignore Wonga ’s spin; they ’re still targeting students //t.co/pTKiw45L

  2. SEO Updates

    Ignore Wonga's spin; they're still targeting students – Left Foot Forward: Left Foot ForwardIgnore Wonga's spin;… //t.co/rP2N2AiS

  3. Neil Courtman

    Ignore Wonga's spin; they're still targeting students: //t.co/ELIN1Vn1 by @alexhern

  4. Tim Sewell

    Ignore Wonga's spin; they're still targeting students: //t.co/ELIN1Vn1 by @alexhern

  5. Samuel Tarry

    RT @leftfootfwd: Ignore Wonga's spin; they're still targeting students: //t.co/jXEJLzbn by @alexhern

  6. Tommie Finley

    Ignore Wonga's spin; they're still targeting students: Following our revelation that payday loan company Wonga w… //t.co/2qzcKuGs

  7. leftlinks

    Left Foot Forward – Ignore Wonga’s spin; they’re still targeting students //t.co/BvTQ1xZV

  8. Political Planet

    Ignore Wonga’s spin; they’re still targeting students: Alex Hern covers the continuing deceit of Wonga over thei… //t.co/Zfyllwta

  9. Michael J. Robins

    RT @leftfootfwd: Ignore Wonga's spin; they're still targeting students //t.co/Ss9i5059

  10. Anonymous

    Have You Been Wonga’d?

    Check out this article. Compared to what we consumers will sometimes do to ourselves when it comes to money, even Wonga can start to look like an angel.

    //www.unexpectedutility.com/behavioural-living/have-you-been-wongad

  11. Yrotitna

    Ignore Wonga's spin; they're still targeting students: //t.co/ELIN1Vn1 by @alexhern

  12. David Ogden

    Ignore Wonga's spin; they're still targeting students: //t.co/ELIN1Vn1 by @alexhern

  13. David Ogden

    Ignore Wonga's spin; they're still targeting students: //t.co/ELIN1Vn1 by @alexhern

  14. Tim Ireland

    Ignore Wonga's spin; they're still targeting students: //t.co/ELIN1Vn1 by @alexhern

  15. Tim Ireland

    Ignore Wonga's spin; they're still targeting students: //t.co/ELIN1Vn1 by @alexhern

  16. Beverly Hetherington

    Ignore Wonga's spin; they're still targeting students: //t.co/ELIN1Vn1 by @alexhern

  17. Beverly Hetherington

    Ignore Wonga's spin; they're still targeting students: //t.co/ELIN1Vn1 by @alexhern

  18. John Howard

    RT @leftfootfwd: Ignore Wonga's spin; they're still targeting students: //t.co/jXEJLzbn by @alexhern

  19. John Howard

    RT @leftfootfwd: Ignore Wonga's spin; they're still targeting students: //t.co/jXEJLzbn by @alexhern

  20. Stephen Mullen

    Ignore Wonga's spin; they're still targeting students: //t.co/ELIN1Vn1 by @alexhern

  21. Stephen Mullen

    Ignore Wonga's spin; they're still targeting students: //t.co/ELIN1Vn1 by @alexhern

  22. Thereminwar

    Ignore Wonga's spin; they're still targeting students: //t.co/ELIN1Vn1 by @alexhern

  23. Thereminwar

    Ignore Wonga's spin; they're still targeting students: //t.co/ELIN1Vn1 by @alexhern

  24. Roy O'Kane

    Ignore Wonga's spin; they're still targeting students: //t.co/ELIN1Vn1 by @alexhern

  25. Roy O'Kane

    Ignore Wonga's spin; they're still targeting students: //t.co/ELIN1Vn1 by @alexhern

  26. Anonymous

    So what’s the problem?

    1. Debt
    2. The interest rate
    3. The charges.

    My view is that its all of them.

    However given that governments are borrowing trillions for the same students, not telling them, and expecting them to pay the debt off, that is equally wrong.

  27. Ron Milford

    Ignore Wonga's spin; they're still targeting students: Following our revelation that payday loan company Wonga w… //t.co/ohw0HXYi

  28. chris star

    Ignore Wonga’s spin; they’re still targeting students for its 4000 per cent APR loans..
    //t.co/K2kxhNQC

  29. Stace

    RT for the late risers: Ignore Wonga's spin; they're still targeting students: //t.co/ELIN1Vn1 by @alexhern

  30. Pulp Ark

    Ignore Wonga’s spin; they’re still targeting… //t.co/L9te6LRR #Good_Society #filth #Payday_loan #student_loan #muslim #tcot #sioa

  31. Tom Rouse

    One for the sceptics about blogging out there. Bloggers force Wonga to retract student loan advertising: //t.co/DizP17ya

  32. Simon Lock

    One for the sceptics about blogging out there. Bloggers force Wonga to retract student loan advertising: //t.co/DizP17ya

  33. B Rawsthorn

    RT for the late risers: Ignore Wonga's spin; they're still targeting students: //t.co/ELIN1Vn1 by @alexhern

  34. Greg

    RT for the late risers: Ignore Wonga's spin; they're still targeting students: //t.co/ELIN1Vn1 by @alexhern

  35. Selohesra

    Interest rates alone can be deceptive – if I leant a mate £20 and he repaid me a week later and bought me a pint – say £3 to say thanks then the annualised rate would be > 1000% – but my mate would not see me as an evil loan shark

  36. Richard Thoms

    Did your search in google and I don’t get your results. When was this done?

  37. Look Left – Wonga’s student ‘scam’ comes unstuck | Left Foot Forward

    […] we got them to stop, they still have much to explain. As we showed in a follow-up, their claim they weren’t actively targeting students is demonstrably false, and the fact remains […]

  38. Legal loan sharks are licking their lips as the social fund scrapped | Left Foot Forward

    […] Ignore Wonga’s spin; they’re still targeting students – Alex Hern, January 13th […]

  39. Betting shops are blighting our high streets, and councils can’t take action | Left Foot Forward

    […] Ignore Wonga’s spin; they’re still targeting students – Alex Hern, January 13th […]

Leave a Reply