Get An Instant Loan With Wonga & Save £5.50 Off Your First Loan - HotUKDeals
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I have used Wonga in the past to get an instant loan and the money came in to my account 2 hours later

I just received an email with a £5.50 discount code

Heres the Email Details

Why use Wonga?

• Cash within 15 minutes of approval, 24/7

• First-time users can apply for up to £400

• No fixed terms - repay early & pay less


To apply again, simply login with your email and the password you created and you’ll find the process much quicker this time round. If anything has changed it’s easy to edit your personal details in the My Account section of the site.

Don't forget to use promocode "NEWOCT" to save £5.50 off your loan!
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All Comments

(38) Jump to unreadPost a comment
Comments/page:
#1
Typical 2689% APR!!!

Enough said!
#2
Get yourself into debt and pay 2689% interest to save £5.50......... I think not
#3
Short loan when you need it, its excellent

look at this

http://www.wonga.com/money/is-this-apr-expensive

Edited By: bargaingaz on Oct 08, 2010 15:48: spelling
#4
I got a roasting off a member yesterday for making
a "moral judgment" on a post. Well, here I go again.
The worst type of loan imaginable, one missed payment
or similar and you could be in debt for the rest
of your life. Avoid like the plague.
COLD COLD COLD
Surely we don't want posts like this ?

Edited By: gluke21 on Oct 08, 2010 15:50: Add
#5
Typical 2689% APR
baltic
#6
If you're in debt and need a wonga loan, maybe you should consider cancelling your sky tv subscription instead...
#7
bargaingaz - Oct 08, 2010 15:47Short loan when you need it, its excellent

2689% is a bargain is it. Cobblers.
In some countries they have slavery.
In some countries they have bonded labour.
In the UK they have Pay Day loans like this.

Keep well away.
1 Like #8
You cant say the interest of a Loan in APR when the term of the loan is barely a month! thats ridiculous.... thats like me buying a mate a £3 pint for loaning me a fiver for lunch and saying i was charged 20000+ APR!!!
#9
Try asking the banks for money and see the reaction haaa lol
#10
This is gonna be colder than South Pole
banned#11
leechers
banned#12
cold,cold.cold.cold.cold..cold,cold,cold,cold!!!:{
#13
bargaingaz
Try asking the banks for money and see the reaction haaa lol


Better not to borrow at all than allow Wonga to rip you off. Companies like this should be outlawed.
#14
Horrific deal, Sites like this should be banned
#15
a rip-off,,,should be banned,,,
#16
Borrow £400 for 30 days pay £125 in interest......should be banned
#17
You would have to be in big trouble to need to borrow money off these cowboys
#18
The APR is so high because the loan term is so short.

Credit card companies offering 0% transfer deals should be banned as they reduce your balance unfairly when you make a repayment. Also if you can only afford the minimum payment each month then take a look at the equivilent APR calculation.

As with all credit facilities, you should only enter into an agreement if you can afford the repayments and do not miss any payment dates. This applies to loans, credit cards, overdrafts and even a site like Wonga. Like someone else said, if you can't afford something then reduce your lifestyle.

This very quick and simple method of raising some cash will be useful to some people who can afford to pay the premium for such a service.

Not voted either way as not sure that this is specifically a deal but have to shake my head at 'some' of the random posts above.

Feel free to shoot me down in flames and no I don't work for Wonga!
#19
bargaingaz
Try asking the banks for money and see the reaction haaa lol
If i could vote this colder than i did then i would. This is the WORST deal in the history of HUKD! Asking the banks? They would say you can get a small overdraft. How about not getting in to debt in the first place though? Why do you think this is a "hot" deal? all you're saying is "come and give us more of your money so we can screw you over" - joke. very ice cold! colder than the antartic!
#20
batistawhc
bargaingaz
Try asking the banks for money and see the reaction haaa lol
If i could vote this colder than i did then i would. This is the WORST deal in the history of HUKD! Asking the banks? They would say you can get a small overdraft. How about not getting in to debt in the first place though? Why do you think this is a "hot" deal? all you're saying is "come and give us more of your money so we can screw you over" - joke. very ice cold! colder than the antartic!

Getting a small overdraft from a bank is guaranteed you know. And what happens when you run up to that small limit and still can't curb your spending? You have to borrow more as you have no cash flow. The problem with the credit process is that people in general live beyond their means. It's fine to come on a site like this and blame all the financial companies in the world for 'ripping people off'. Look what happened a few years back - the banks decided to allow more risky lending, people didn't repay it and the rest is history.

I would hazzard a guess that 75% of members on here have some form of credit or other, some will be at a good rate, some at an acceptable rate and others at a rate that most would ridicule. It all depends on your circumstances at the time and how much you need the funding.

How many people if they're honest have seen a 'deal' on here and gone and bought it despite the fact they can neither afford it or even need it. Just a impulse purchase. I would say I have...

Got to go now, need to get back to a meeting at the treasury...!
#21
bargaingaz
Short loan when you need it, its excellentlook at this http://www.wonga.com/money/is-this-apr-expensive

"Yet the beauty of our short term service is its unique flexibility and complete transparency - and that's something we won't compromise just to appear more conventional."

I've never seen daylight robbery described in such a way. If you need cash in small amounts like this in the short term, speak to your bank to arrange an overdraft service. The interest on that will be vastly lower than on a loan from these thieves.
#22
longbowassassin
a rip-off,,,should be banned,,,

Just like all the travel companies who hike up their prices just because schools are on holiday.

Simple supply and demand theory. There are people that will pay hence they can sell at that level.
#23
thelagmonster
bargaingaz
Short loan when you need it, its excellentlook at this http://www.wonga.com/money/is-this-apr-expensive
"Yet the beauty of our short term service is its unique flexibility and complete transparency - and that's something we won't compromise just to appear more conventional."I've never seen daylight robbery described in such a way. If you need cash in small amounts like this in the short term, speak to your bank to arrange an overdraft service. The interest on that will be vastly lower than on a loan from these thieves.

Yes, and everyone that takes an overdraft is disciplined enough to reduce it by a certain amount each month until they have cleared it.
#24
Absolute disgrace. Companies like these make a profit out of peoples msery.
#25
Borrow £1 and pay back £8.42 lol lol lol lol
#26
LOL.

There are a few loan sharks about too. Perhaps they could offer a hot deal?
#27
Hot Hot Hot
#28
Interesting as a friend of mine is now looking into getting 10k loan he earns around 21k but he's not sure where and what to do etc, i said i'll keep my eyes open any ideas?
#29
horrendous interest
#30
Dunno if this is a good deal or not taking all the factors into account. It might be good for a limited number of people. But what is with all the judgements here - so a good deal on Mars Bars gets shouted down because they are bad for your health and fat people shouldn't eat them. Lets stick to whether it is a good deal for the people interested in using it or not rather than all the moralising. Right, rant over.:p
#31
is it cold in here? or just me
#32
Logged in .... just to freeze this some more

I see there is a hottest deal of all time .. is there a coldest too ?


Edited By: wbmkk on Oct 10, 2010 10:38: adding question
1 Like #33
Was just about the vote cold, but it stands at '-666' which sums this 'offer' up so nicely, so let's just leave it there :)

I love the discussion about why one shouldn't look at the APR for a short term loan. Gave me a good laugh and puts the discussion about GCSE's getting too easy into a new light... :p
#34
MarvinHC
Was just about the vote cold, but it stands at '-666' which sums this 'offer' up

opps! Have to go for 6666 now.(_;)
#35
These companies should be banned outright, just disgraceful parasites.:(
#36
Worse deal I have ever seen, I thought credit cards were bad and beats me how they are allowed to offer such an extortionate rate.
#37
No matter what you say, there is a legitimate need for 'honest' companies like wonga. They do not try to hide anything and are very open about their system. As a few educated people have stated on this post, when a loan is short term (less than a month) they have to list the interest as 'annual' apr because there is simply not a legal monthly equivalent, yet.

I agree that £130 interest and fees for borrowing £400 for 30 days is too much and as the idea of this site is payday style loans nobody should spending that far beyond their means the day after they have been paid. Not everybody can get an 0% interest credit card or an arranged overdraft so what do they do? Some of them go into an 'unarranged' overdraft and get charged £5 per day until their balance is back in the black. £5 x 30 = £150.

I have used them twice and they have been thorough and responsible throughout. They have a system that will actively help repair your credit rating rather than damage it further. For example I have borrowed £50 for 7 days from them. Total to repay = £59.33. So I paid £9.33 to borrow £50 for a week - most of you are saying "stupid" - "extortionate". Maybe, perhaps, but more affordable than paying £5 per day in overdraft fees for a week costing me £35 extra. It has its place, and some of us 'unfortunates' need services like this every now and again.

At the end of the day the answer is simple, If you can't afford it - don't buy it - use it - spend it.

So back to the original poster. He is doing some people here a favour as it is a genuine offer with a genuine and measurable saving so if you don't understand it....don't knock it and most definately don't flame it!
#38
Another promo code is vto419, it saves the £5.50 transfer fee! worked for me!

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