Donate SIGN UP
Home > ChatterBank > Could These Illegal Money Lenders Have Been Charging Much More Than Legal Lenders Like Wonga?

Could These Illegal Money Lenders Have Been Charging Much More Than Legal Lenders Like Wonga?

Avatar Image
sandyRoe | 23:26 Tue 12th Feb 2013 | ChatterBank
2 Answers
http://www.bbc.co.uk/news/uk-northern-ireland-21429180
prev That's It
  
next What Do You Think Is A Scary Movie?
Gravatar

Answers

1 to 2 of 2rss feed

Best Answer

No best answer has yet been selected by sandyRoe. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.
Avatar Image hc4361
What rates were they charging?
What methods were they using to collect the debts?

You do know that overdrafts can be much more expensive than regulated moneylenders like Wonga?
23:28 Tue 12th Feb 2013
Avatar Image Peter Pedant
it is not the rate that makes it illegal/unlawful
but the fact they were unlicensed.

you have to be registered with your local council in order to lend money or else you can't use the courts to recover money


see here : http://www.cr.gov.hk/en/publications/docs/17-e.pdf
23:32 Tue 12th Feb 2013

1 to 2 of 2rss feed

Do you know the answer?

Could These Illegal Money Lenders Have Been Charging Much More Than Legal Lenders Like Wonga?

Answer Question >>

Related Questions

Sorry, we can't find any related questions. Try using the search bar at the top of the page to search for some keywords, or choose a topic and submit your own question.