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How are Lenders Making Things Tick Today in United Kingdom

By Jacob Lender Subscribe to RSS | June 30th 2012 | Views:

It was initiated in the autumn season of the year 2007 when it had started by offering short term loans whose worth was only 4 million pounds that has also amounted a few more than just a billion pounds in the form of a sum total. This firm has to bear a lot of heat of criticism where everyone said that they are now one-step lower than what digital loan sharks actually are who were making exploitation of people who were vulnerable and were in need.

In the month of January, the firm was at the main focus of the controversy in relation to the advertisements that were encouraging the students who were doing jobs to take out loans to pay up for the trips that they will be taking to visit the abroad countries. And later in the month of March, the fans of some of the football clubs had given a calling that the company should remove its advertisements from the websites of the clubs. Along with this, just a few days back also, Wonga had attracted even more attention by brining on the forefront news that they will be offering loans to businesses that were running short of funds to put them into use.

Errol Damelin, who is the founder of Wonga, has till date given no importance to the critics. Just a few days back while he was briefing the journalists he said that he was very happy and also confident as far as the future of his business is concerned. He also said that he was very sure of the legitimacy of lending money for a short duration of time. He further had to add that Wonga is on the same level as that of iTunes as far as the financial world is concerned. People suffering from fiscal problems can apply with text loan lenders @ and get quick monetary support with easy terms and conditions through which you can easily erase all your problems that are urgent.

He further added that Wonga is not less than a platform as far as the future of the financial services is concerned. The revolution of digital services has not yet set up its feet in the financial market. He said that his form is like Amazon, PayPal, Google as well as Netflix. His firm is also making use of data and also technology to the customers can find a key to success.

Jacob Lender - About Author:
Jacob Lender is an expert financial adviser. He writes articles on text loans & instant text loans for more visit site: -

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