http://www.bbc.co.uk/news/business-23433955
So the Church has said that it is going to try and squeeze Wonga out of business, by undercutting them.
Once again the Church proves that its principles are a bit arse about face, and completely misses the point.
The only people going to Wonga, are people who are financially irresponsible and behaving frankly like children.
If you're on the dole, their are better options available, if you are working then not only should you have savings, but it would be a much better bet to pawn something / loan-buy-back it at your local pawn shop. The fact that Wonga have an iPhone app frankly says it all to me.
The people who are using them need advice and a damn good clip round the ear. You are in debt, why are you buying fags and booze? Why the hell did you buy an expensive phone when you don't have cash savings. No one 'needs' such a thing. It doesn't 'save' money. Same with things such as Sky. People get in to debt / contracts without thinking them through.
They would be much better not murkying the waters of their faith (fairly sure the Bible had a lot more to say about not lending / changing money, than it did against gays and marriage) and instead provide advice and teaching of budgetary skills.
The rank hypocrisy doesn't surprise me, it is after all a church, but the way they are going after a symptom not a cause is frankly disappointing.