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"Creditors seem to be turning to youngsters, so it is disturbing that the Wonga transaction also involves financing the soccer team' s college. They are exactly the kind of person who payday creditors want to put their finger in. "Wonga is already sponsoring Blackpool FC, which is based in another area with a wealth of fighting, hard-working individuals.
The Office of Fair Trade criticized Wonga in the summers for having accused some of its own clients of being scammers. Wonga was also in the headlines this weekend after his advertisements were found on a kids phone application. Talking Ginger Ap taught kids how to get dressed for the night, but contained Wonga advertisements that offer "cash loans of up to 400 pounds".
Thanks to his light cash supply, Wonga has made enormous gains. At £59. 2m in 2011 - more than four time the 2010 picture made pre-tax gains of 14. 1m and showed how it has cash in on folks fighting to survive throughout the recession. 1m. "The sponsoring contract, I think, is the false picture for Newcastle, NUFC and soccer as a game.
"Our wisdom is that someone who gets into difficulties with payday creditors often turns to locals who often work in groups on the property," she says. "Wonga and other payday creditors are aggressively pursuing debt, but they at least just broadcast menacing text or e-mails.
"Credit criminals terrorize their customers so much that often too many fears are felt by them to tell us what difficulties they are in. Wonga's coming as a supporter of the community will not help the effort to keep them out of the grasp of the maverick. "Increasing its image through the use of soccer sponsoring only means more poeple will use it.