Understanding what exactly is a quick payday loan – and why do they seem so controversial? The comforting encounters of Wonga, which provides funding starting up at just one time – but at a price.

Understanding what exactly is a quick payday loan – and why do they seem so controversial? The comforting encounters of Wonga, which provides funding starting up at just one time – but at a price.

Previous customized on Fri 26 Jul 2013 10.26 BST

The ceremony of The uk’s promise it will require in Wonga – plus the subsequent disclosure over their investments into the company – get put the spotlight back once again to the payday advances market. Wonga could be the best-known company working in this particular business, offering brief borrowing at large interest rates. How will it all work?

Something an instant payday loan? […]