{"id":35330,"date":"2012-01-12T03:59:00","date_gmt":"2012-01-11T20:59:00","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/warning-over-wongas-predatory-student-loans-offer\/"},"modified":"2016-11-22T14:08:56","modified_gmt":"2016-11-22T07:08:56","slug":"warning-over-wongas-predatory-student-loans-offer","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/warning-over-wongas-predatory-student-loans-offer\/","title":{"rendered":"Warning over Wonga's 'predatory' student loans offer"},"content":{"rendered":"


\nConsumer Credit Counselling Service and NUS voice concerns as payday loans company aims to attract students to its 4,214% APR lending serviceLoan company Wonga has been accused of being “cynical” and “predatory” after suggesting students take out high cost short-term loans to buy plane tickets to the Canary Islands.The company, which offers small loans designed to be taken out over short periods of time, makes the suggestion in a marketing page on its website where it suggests its loans may have advantages over official student loans. However, it does not mention that while it charges an annual interest rate of 4,214%, the current student loan rate is just 1.5%. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Warning over Wonga’s ‘predatory’ student loans offer<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Consumer Credit Counselling Service and NUS voice concerns as payday loans company aims to attract...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-35330","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-9bQ","jetpack-related-posts":[{"id":61500,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/student-loans-company-quadrupled-my-interest-rate-just-for-taking-a-short-trip\/","url_meta":{"origin":35330,"position":0},"title":"Student Loans Company quadrupled my interest rate \u2013 just for taking a short trip","date":"July 22, 2017","format":false,"excerpt":"\r Oxford graduate Jenny Richards is among thousands being punished with additional rate riseGraduates who fall foul of the Student Loans Company face paying back thousands of pounds more after it emerged the firm has the right to penalise students with extra interest for simply taking a three-month trip.Guardian Money\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":62192,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/student-loans-company-criticised-over-penalty-interest-on-funds\/","url_meta":{"origin":35330,"position":1},"title":"Student Loans Company criticised over 'penalty interest' on funds","date":"July 29, 2017","format":false,"excerpt":"\r SLC put more than 33,000 people on to a \u2018non-compliance interest rate\u2019 of 3% for \u2018losing touch\u2019 with companyThe Student Loans Company has been criticised for adding more than \u00a38m to student debt through \u201cpenalty interest\u201d on tens of thousands of loans in the last financial year.Figures seen by\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":51620,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/student-loan-interest-rate-set-to-rise-by-a-third-after-uk-inflation-surge\/","url_meta":{"origin":35330,"position":2},"title":"Student loan interest rate set to rise by a third after UK inflation surge","date":"April 12, 2017","format":false,"excerpt":"\r Increase in inflation, driven by pound\u2019s Brexit slide, means students will pay more as others benefit from low borrowing ratesStudents appear to be paying a heavy price for the UK\u2019s inflation surge after the Brexit vote, which will drive the interest rate on their loans up by a third\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":35288,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/student-loans-hundreds-of-millions-of-pounds-unaccounted-for\/","url_meta":{"origin":35330,"position":3},"title":"Student loans: hundreds of millions of pounds unaccounted for","date":"November 28, 2013","format":false,"excerpt":"\r NAO finds that the government does not have employment records for around 368,000 students and former studentsHundreds of millions of pounds of public money paid out in student loans is unaccounted for because the government does not have enough information about the recipients, a report by the spending watchdog\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":14622,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/have-student-loan-interest-rates-really-shot-up\/","url_meta":{"origin":35330,"position":4},"title":"Have student loan interest rates really shot up?","date":"May 27, 2016","format":false,"excerpt":"\r A young graduate was in the news this week after posting his student loan statement online showing that he was accruing up to \u00a3180 a month in interest \u2013 or a rate of 6.6% \u2013 when he thought he had signed up to a rate of just 0.5%A Facebook\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":62178,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/graduate-anger-mounts-over-nightmare-student-loans-company\/","url_meta":{"origin":35330,"position":5},"title":"Graduate anger mounts over \u2018nightmare\u2019 Student Loans Company","date":"July 29, 2017","format":false,"excerpt":"\r Our story last week about the SLC quadrupling someone\u2019s interest rate sparked a new wave of complaintsWhen Gary Ashworth moved to Botswana in 2013 to try to start a design business, he immediately told the Student Loans Company that he would be out of the UK. Despite updating the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/35330"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=35330"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/35330\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=35330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=35330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=35330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}