Wednesday, 10 October 2012

Pay The Price

Further to the post I wrote on Monday about Alan Pardew's selective use of the word "unsavoury," here he is defending Wonga:
"I listened to the owner and their customer satisfaction levels are higher than any other bank or lending facility"
Not content with simply saying, "I run the football side of things, ask me questions on that, not the money," he throws his full support behind the new sponsors.  No wonder he's been given an 8 year contract as Mike Ashley's puppet manager.
After a brief, pushed for time Google, here's a few quotes from one article I found:
research from Which? in May found that one in five of payday borrowers had not been able to pay back their loan on time - at which point exceptionally high interest rates can kick in - while a third of people said they had experienced greater financial problems as a result of taking out a payday loan
I'm sure they're satisfied customers.  Here's some more who are likely to be satisfied:
In May, the OFT warned Wonga to improve its debt collection practices after complaints it was effectively trying to frighten people who did not pay up on time.
What's the definition of "unsavoury" again Alan? 

No comments: