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Payday loan companies again under the pressure of the NIS, the brand is "highly irresponsible"
In the short term lender Wonga.com broke over the finances of the student on the website after the allegations that the student is to eliminate one of their high interest loans.

The National Union of Students said the company had seen "very irresponsible" what it called "predatory marketing," and had asked to withdraw the information.

The company, small loans designed to provide in a short time, in one aspect of marketing on its website that the benefits of the credits on the official student loans had submitted to be taken. However, not mentioned that during the charging process, an interest rate of 4.214% per annum, the current student loans is only 1.5%.

It offers its high cost compared to the student loan officer and said: "Student loans are usually much cheaper than your standard personal loan, but it can be a disadvantage - you can now borrow more than necessary while a devaluation to accumulate . degrees can take years to repay it. "

Despite the fact that "a Wonga loan interest is much higher," he suggested, are more flexible and say "enough to borrow for a month and repay the loan on a date that fits."

In a statement on its Web site, Wong said that the information removed because "it is not active on the students as potential customers, and we wanted to clarify ambiguity on this issue."

He said the Student Loans page on their website was "several years" and was one of many short pieces he had written about the credit issue, since he launched his ministry.

Wonga but said it would because "evaluate all applications are equally robust and completely objective." Professionals continue to students, giving the select to apply for the credit.