Payday Loan Articles

What is Wonga? Wonga is a British slang word meaning money or cash. This is especially heard from people living in London. The origin of the term Wonga is from the Romany word Wanger which means coal. In eighteenth century England, coal was also a term used to refer to money.

Today, in the age of the internet, Wonga still means money. But for those of us who are familiar with Wonga.com, it means an instant source of cash for emergencies or for whatever other purpose.

What sets Wonga apart from traditional lenders like banks, payday lenders or even other internet payday loans in the UK? Wonga aims to provide the best lending service by being flexible, fast and convenient.

Flexible because at Wonga, you get to choose exactly how much you want to borrow and for exactly how many days you need to borrow it. They do not force you to choose from pre-defined amounts or pre-defined lending periods. Using pre-defined options might result in borrowing more than you need and in the end it will cost you more.

Fast service can be expected from Wonga because of the highly automated approval system. Your application is instantly processed and never waits for someone taking a lunch break.

It is convenient from start to finish because every step is clear and requires minimal effort on your part. Total cost is calculated for you so you know exactly how much you need to pay. When your due date arrives, Wonga collects your money by charging a single repayment from your debit card.

Disclaimer: We do not work with this company and it is not our intention to endorse nor denounce the company or companies you see before you. These posts are not to be considered as legal or professional advice, and are to be used for personal education purposes only.