Church of England vs Wonga (Fail)
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26-07-2013, 04:24 AM
Church of England vs Wonga (Fail)
Okay,

One of the largest churchey super-powers in England, the CoE have decided to get involved in finance! Yay! This plan has sucess written all over it.

So the plan is to take on wonga.com a 'payday loan service', not sure if these foul things are a global phenominon, or just something we have in the UK, but basically, if you run out of cash before payday, the kind people at Wonga will loan you money until your next payday. You can do it fast, online and they are very efficient.

Problem is, they can charge anywhere from 1000% to 6000% interest. Yep, you read that right, 6000%...so if you're financial trouble, there's a high chance you'll be in even more financial trouble once you're sucked into wonga.com.

So, the church has decided that wonga.com and thier ilk are 'sinful' and have decided to take them on by investing in local credit unions to offer a competing service but at significantly lower (70%) rates of interest. The new Archbishop announced this with great fanfare last night on the TV news, even going as far as saying that they will "put wonga out of business" and offer their loan services from church premises. We're talking super-soapbox stuff, full of moral condemnation.

Slightly embarassing then, that the Church of England actually INVESTS in wonga.com. Prompting this interview. We all know that Churches are fundamentally corrupt and hypocritical, I just love it when they do it directly infront of the media.

There's also some wonderful woo about churchs becoming money lenders (a theologically risky position) and charging 70% are 'lesser sins' than wonga charging 6000%.

Made me smile anyway.

"Christianity is like a diet where you eat lots of chocolate cake all week, and then on Sunday you mentally scold yourself and "try again" only to repeat the cycle." - Buddy Christ
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01-08-2013, 06:00 PM
RE: Church of England vs Wonga (Fail)
This makes no damn sense. First off, 70% interest is way too damn high (don't get me started on 6000%). But then you have a Church investing in an organization that was created to bankrupt people. I mean, what the hell?
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01-08-2013, 09:17 PM
RE: Church of England vs Wonga (Fail)
(26-07-2013 04:24 AM)Shannow Wrote:  We all know that Churches are fundamentally corrupt and hypocritical, I just love it when they do it directly in front of the media.
Agreed. It is great to see them fuck themselves up.
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01-08-2013, 09:43 PM
RE: Church of England vs Wonga (Fail)
Despicable indeed. Here for charity? Sorry fresh out. How about a payday loan, only 70% interest?!

BTW we do have them here in the states usually in urban/lower income areas and often they are combined with pawn shops (you see signs like "Gold. Checks. ATM") You also see them near casinos, Florida seemed to be covered in them.

[Image: images?q=tbn:ANd9GcRUKjz1ad9m0oMVlrHH8kS...q87c9PHkgQ]

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05-08-2013, 04:22 AM
RE: Church of England vs Wonga (Fail)
(01-08-2013 09:43 PM)ridethespiral Wrote:  Despicable indeed. Here for charity? Sorry fresh out. How about a payday loan, only 70% interest?!

BTW we do have them here in the states usually in urban/lower income areas and often they are combined with pawn shops (you see signs like "Gold. Checks. ATM") You also see them near casinos, Florida seemed to be covered in them.

[Image: images?q=tbn:ANd9GcRUKjz1ad9m0oMVlrHH8kS...q87c9PHkgQ]
Florida, you're fucked up in pretty much most ways.
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