Payday loan company Wonga has removed pages from its website after it was branded “incredibly irresponsible” for targeting UK students.
However the lender said it would still accept applications for short-term loans from working students.
The National Union of Students (NUS) said it was wrong for the company to push the loans – with a typical APR of 4,214%. However, an official study said that these loans could prove useful for some people.
Wonga replaced an article on its website about short term loans for students with a statement saying the previous article was out-of-date and “gave rise to misunderstandings.” The company said the original article was written as part of a strategy to make its services easier to find on internet search engines.
Promoting such high priced loans to students had prompted a flurry of protests on Twitter.
Souce: BBC


Unemployed young people face a “very real challenge”, Employment Minister Chris Grayling has admitted. But he said he was determined to get them into work as soon as possible and promised the government would not leave them “sitting there indefinitely”.
Nearly half of cancers diagnosed in the UK each year – over 130,000 in total – are caused by avoidable life choices including smoking, drinking and eating the wrong things, a review reveals.
One in five universities have been given the green light to reduce their fees next October. However, the impact of the reduction will be to reduce fee levels across the country on average by just £39.
UK Universities appear to be facing a slump in applications ahead of the first year of higher fees, the university admissions body says.
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