Wonga Launch Signals Arrival Of âCash On Demandâ

Fri, 08 Aug 2008 00:00:00 -0400

UK consumers have a new source of fast credit, without the long-term commitment associated with bank loans, overdrafts and credit cards, following the market launch of Wonga.com. The announcement follows extensive beta testing which saw the London-based company surpass all expectations and process thousands of loans in a matter of months. Errol Damelin, founder and chief executive officer of Wonga, explains: “Banks and other lenders are weighed down by tradition and complexity. People have come to expect rigid terms, realms of paperwork and slow decisions - particularly in recent times with the increasing pressures of the credit crunch. So a frequent reaction to our service has been amazement at the speed of our process. “We’ve developed a complex back-end system that enable us to offer a service that’s simplicity itself. Wonga is all about speed and convenience and we can make automated decisions and transfer our small loans directly into bank accounts within minutes. The application process is also completely transparent and there are no hidden fees.” Applicants use sliders on the Wonga home page to decide exactly how much cash they want to borrow and for how many days they need it (between five and 30). **End Summary** Topics: ]]>]]> About the Author: ]]> We are transforming the huge UK credit market by offering small, short-term loans with more speed and convenience than banks, high street lenders and other websites. We remove the inconvenience, complexity and inflexibility consumers face whenever they need to borrow some cash in a hurry. We have a consumer credit licence from the Office of Fair Trading and are members of the Finance and Leasing Association.

FOREX (Foreign Exchange Market)

Wed, 23 Apr 2008 00:00:00 -0400

The foreign exchange market is also known as FX or it is also found to be referred to as the FOREX. All three of these have the same meaning, which is the trade of trading between different companies, banks, businesses, and governments that are located in different countries. The financial market is one that is always changing leaving transactions required to be completed through brokers, and banks. Many scams have been emerging in the FOREX business, as foreign companies and people are setting up online to take advantage of people who don't realize that foreign trade must take place through a broker or a company with direct participation involved in foreign exchanges. Cash, stocks, and currency is traded through the foreign exchange markets. The FOREX market will be present and exist when one currency is traded for another. Think about a trip you may take to a foreign country. Where are you going to be able to 'trade your money' for the value of the money that is in that other country? This is FOREX trading basis, and it is not available in all banks, and it is not available in all financial centers. FOREX is a specialized trading circumstance. **End Summary** Topics: ]]>]]> About the Author: ]]> This content belong only to win4.com - Foreign Currency Exchange Trading Software

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Wonga Launch Signals Arrival Of âCash On Demandâ

FOREX (Foreign Exchange Market)

Wonga Launch Signals Arrival Of âCash On Demandâ