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cash america title loan

Wonga’s staff are keen to put its service as more similar to bank overdrafts, rather than rival lenders that are payday.

“We think that our https://signaturetitleloans.com/title-loans-md/ company is in sector on our personal,” Bowman states, in a basement boardroom during the business’s head office in a grand household on the side of Regent’s Park in main London, its white stucco gleaming within the springtime sunlight. Among lots of honors on display is just one naming Wonga.com as last 12 months’s fastest-growing electronic news business in Europe. “we come across ourselves as an internet technology company first, and a finance company 2nd,” Bowman claims.

Staff say 1 million individuals go to the site and “hundreds of thousands” of loans are available every month. The business’s return trebled between 2009 and 2010, to ВЈ73m return, and Errol Damelin, the co-founder and leader of Wonga, is reported to possess taken house ВЈ1.6m this past year.