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Welcome to Wonga World
With the onslaught of the slashing of living
standards and the government cuts agenda,
( see BADACA website for the affects in Bristol)
debt increasingling raises its viscious head.
The loan firm Wonga has a APR of 4,214% and
the number of pawn shops has risen by half in
the last five years to 10,000 shops.
The writer Ambroise Bierce was spot on when
he wrote " Debt is an ingenious substitute for
the chain and whip of the slave holder"