Wonga.com

Just how do we allow money lending at such a ridiculous cost to the borrower, it is known that people have got into debt with one of these companies, unable to meet repayments so talked in to a bigger loan to cover what they owe, can't meet the payment again borrow again, it is a roundabout that once on is nearly impossible to get off, interest rates in the thousands percent, what  these companies are doing is just the same as a loan shark that being illegal they have gone round the back door to legality, how can this happen?, how has the Treasury managed to allow this to happen, the problem is that we are in a recession, some people are desperate for money, so they turn to these people then on the slippery slope to oblivion, it is time to call a halt to this this loan shark legal money trap.