A Levy? Is this Milliband c**t for real?
Its patently obvious to me that these loan sharks should be outlawed and a maximum rate (X amount over base rate) introduced BY LAW for all borrowing no matter how short term the loan.
I thought I would be nosey and see for myself just what they charge. I chose the Wonga firm, you know, the one that last week chose to be based in Switzerland to (obviously) avoid UK tax.
£100 for 30 days you pay back £137.15, well over a third. A staggering 5853% APR, or to put it another way, 290 times that charged on a Capital One credit card.
Now because I have started this thread the banner adverts will be showing up the top there. PLEASE dont be tempted peeps, eat seaweed.