Archived

This topic is now archived and is closed to further replies.

l'angelo mysterioso

Newcastle United- to be renamed

61 posts in this topic

Newcastle Sharks

Share this post


Link to post
Share on other sites

I can imagine that will cause some trouble with the fans, you know the true fans that can only afford 1 season ticket per family and share it!

Share this post


Link to post
Share on other sites

Was wondering what you were on about but I think I know now. Surprised any sports club would want to be associated with a loan shark company.

Share this post


Link to post
Share on other sites

Was wondering what you were on about but I think I know now. Surprised any sports club would want to be associated with a loan shark company.

TBH I think it's harsh throwing the term 'Loan Shark' about with companies like this.

I don't know enough about their practices, but I would associate loan sharks with people turning up threatening you if you don't pay.

I think there is a valid market for short term loans, and forcing them to quote APR's is just nonsense, as this measure just doesn't work for a loan taken over less than 30 days.

Share this post


Link to post
Share on other sites

Conditioned reflex responses everywhere!

and none of you ever said anything about Wonga's involvement with Blackpool

So why Wonga and Newcastle?

because

1.The fans get the St James Park name back.

2. Because Wonga are going to do lots of other stuff

3. Its a better than being sponsored by a gambling company or a brewery - both ruiners of many lives.

see http://www.independent.co.uk/voices/comment/wonga-is-no-legal-loan-shark--and-newcastle-is-in-the-right-to-accept-their-cash-8205597.html

Share this post


Link to post
Share on other sites

I'm a staunch traditionalist - it'll always be the Sports Direct Arena to me. ;)

Share this post


Link to post
Share on other sites

Its possible that quoting APRs isn't fair in these cases but the average APR is 4214% (according to their website). However you look at it that seems steep!

Share this post


Link to post
Share on other sites

TBH I think it's harsh throwing the term 'Loan Shark' about with companies like this.

I don't know enough about their practices, but I would associate loan sharks with people turning up threatening you if you don't pay.

I think there is a valid market for short term loans, and forcing them to quote APR's is just nonsense, as this measure just doesn't work for a loan taken over less than 30 days.

There are a lot of sharp practices associated with Wonga (and other less well known companies). The APR is one of their least unpleasant aspects.

And I was very pleased to see Blackpool relegated owing entirely to their association with these vermin.

Share this post


Link to post
Share on other sites

So what is it that Wonga is doing to elicit such a response? For example, do you know someone who has had a bad experience?

To be honest, bank personal loans, HP contracts credit card loans etc are all a scam. The biggest scam of all is the way mortgage borrowers withs subsidized rate of interest live off the backs of the old and the poor and the savers.

Share this post


Link to post
Share on other sites

The biggest scam of all is the way mortgage borrowers withs subsidized rate of interest live off the backs of the old and the poor and the savers.

Works for me!

Share this post


Link to post
Share on other sites

So what is it that Wonga is doing to elicit such a response? For example, do you know someone who has had a bad experience?

To be honest, bank personal loans, HP contracts credit card loans etc are all a scam. The biggest scam of all is the way mortgage borrowers withs subsidized rate of interest live off the backs of the old and the poor and the savers.

You have got to be in a fortunate position to be able to purchase a house without taking out a mortgage. Those who have paid off their mortgages are in a very fortunate position compared to those who are paying them off.

Share this post


Link to post
Share on other sites

You have got to be in a fortunate position to be able to purchase a house without taking out a mortgage. Those who have paid off their mortgages are in a very fortunate position compared to those who are paying them off.

Correct. Its ludicrous to point the finger at mortgage payers. If rates go up, we know the score. If they are low, happy days.

It is also possible to be both.

Share this post


Link to post
Share on other sites

They do appear to have won a few awards and appear to have high satisfaction levels.

Short term borrowing is a necessity for some folk now, the service they offer appears to be a very good one - quick turnaround. Their decline rates (approx 66%) suggests they take responsible lending seriously.

Share this post


Link to post
Share on other sites

Wrong - but let's be honest Wonga themselves will not be booking these ads. The article itself actually states that.

Dave, I've worked with marketing organisations, and call me a cynic, but having a catchy sing-song theme tune (mr Wonga, lend me some dough...) and advertising on a kids apps seems suspicious, as most marketeers know how strong pester power can be. Of course its all plausibly deniable.

Now I'm not disagreeing with Wonga as a company. I'm in a fortunately position not to need them. I'm also not saying they are as bad as some of the gambling cartels (and I have been in a marketing company that worked with one, and I left quickly for many reasons). I am saying though that I'm very glad I don't have to use them and that they whole industry leaves something of a bad taste in my mouth.

Share this post


Link to post
Share on other sites

Now I'm not disagreeing with Wonga as a company. I'm in a fortunately position not to need them. I'm also not saying they are as bad as some of the gambling cartels (and I have been in a marketing company that worked with one, and I left quickly for many reasons). I am saying though that I'm very glad I don't have to use them and that they whole industry leaves something of a bad taste in my mouth.

I agree entirely. I'd throw PPI claims companies, No win no fee accident claims companies, Micheal Parkinson's life assurance ads etc. All in my view exploitative but none of them illegal and indeed all of them seemingly popular and in some cases the only avenue open to people.

Same with mortgages. People borrow at low interest rates to finance the acquisition of an asset that even allowing for the societies and banks offering less than 1% interest. Grossed up across the nations's mortgage book that is much more exploitative than the likes of Wonga. The right level for mortgage interest rates is about 10%, with savings rates at say 5%. Still, no political mileage in any of that,

Filly, if the Wonga deal incites apoplexy in bigoted labour minds, it'll do for me! :lol: :lol:

Share this post


Link to post
Share on other sites

Dave, I've worked with marketing organisations, and call me a cynic, but having a catchy sing-song theme tune (mr Wonga, lend me some dough...) and advertising on a kids apps seems suspicious, as most marketeers know how strong pester power can be. Of course its all plausibly deniable.

Now I'm not disagreeing with Wonga as a company. I'm in a fortunately position not to need them. I'm also not saying they are as bad as some of the gambling cartels (and I have been in a marketing company that worked with one, and I left quickly for many reasons). I am saying though that I'm very glad I don't have to use them and that they whole industry leaves something of a bad taste in my mouth.

TBH mate I work with digital marketing agencies, and I expect that the agencies buy these spaces in bulk, it appears that there has been an issue with ensuring that this kind of ad had age restrictions on. Not a major issue when you think about it, as quite simply kids can't be customers of Wonga, and I really don't expect many kids will pester their parents to take out a short term loan. I actually expect Wonga will be pee'd off with their ad agency as they will have been paying for this presence (potentially) and pretty much getting no sales from it.

AFAIK there are no strong restrictions on where these companies can advertise, they aren't gambling, alcohol, tobacco etc. they are a legitimate business - happy to be proven wrong, but I have only read good things about this company tbh.

Share this post


Link to post
Share on other sites

Dave as long as its not Summit that's fine :)

Maybe my experience in a marketing company has left me more jaded than it should!

Share this post


Link to post
Share on other sites

Stop Press. The new Newcastle United shirts with the new sponsors name (WONGA.COM) on the front are now available at £39.99 or 36 monthly payments of £253.70p

Share this post


Link to post
Share on other sites

Hull City/Tigers fans take note

Share this post


Link to post
Share on other sites

Act II, Scene 2, Romeo and Juliet, by  Billy Shakespeare

 

What's in a name? that which we call a rose

By any other name would smell as sweet;
So Hull City would, were he not Hull City call'd,
Retain that dear perfection which he owes
Without that title. Hull City, doff thy name,
And for that name which is no part of thee
Take all myself.

Share this post


Link to post
Share on other sites

Tiger, tiger, burning bright....

 

Oh sorry, that's hardly appropriate.

Share this post


Link to post
Share on other sites

:biggrin:

 

I sense that Allam is not very popular. Am I right?  Hull Tigers/Hull City Tigers/ Hull City Nil..its all the same to me but I guess coming from this guy its somewhat inflammatory. Has he really saved the club?

Share this post


Link to post
Share on other sites

  • Recently Browsing   0 members

    No registered users viewing this page.



Rugby League World - June 2017

League Express - Mon 17th July 2017