Stella blog right on the Wonga

I have a problem.

I will freely admit it.

As someone who is reasonably committed to “seeing things get better”, I must confess that Wonga and the pay-day lender gang make me angry.

And especially when you see the size of profit they are recording at the expense of the poorest and most vulnerable in society.

The stats are galling: Wonga recently announced a 36% increase in profit on last year; 40% of those with payday loans say it made their financial position worse;  the Citizens Advice service has seen a ten-fold increase in four years in clients seeking help with multiple bills.

This must change.

I would thoroughly recommend this excellent Huffington Post blog by Stella Creasy, MP for Walthamstow, who has been campaigning about this issue for a while now, for more.

Ok, rant over.

For now.


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