Press Releases from Varooma (1 total)
Varooma Comments on Tighter Market Regulation Demands after Wonga's 1600% Loan R …
Surrey, United Kingdom (4th July, 2013) - Varooma, the cheapest logbook loan provider currently available in the UK, comment on recent industry calls for change.
Payday loan firm Wonga have increased their advertised interest rate for payday borrowing by 1600%, leaving their customers facing a staggering total APR of 5853%.
Whilst it is not unusual for pay day lenders to charge huge borrowing rates, this new figure of over 5000% has led…
