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Footballer Takes Stand Against Wonga

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Muslim footballer Papiss Cisse may be forced to quit Newcastle United because of a row about the club's new sponsorship deal with payday loan firm Wonga.

The Senegalese striker, who is estimated to earn in the region of £40,000 a week, trained on his own on his return from his summer break last week after refusing to wear the branded training kit, as well as the match day shirt, because it is against his religious beliefs.

Under some interpretations of Shariaw law, Muslims must not benefit from lending money. Interest is not paid on Islamic bank accounts or added to mortgages.

http://www.dailymail.co.uk/news/article-2367133/Muslim-footballer-Papiss-Cisse-forced-quit-Newcastle-Wonga-shirt-row.html

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He didn't seem to mind playing in the Barclays Premier League for a team sponsored by Virgin money last year.

ahev you seen what the interest rate is at wonga?

that's not even usury, that's extortion.companieslike this should be banned

Edited by oracle

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ahev you seen what the interest rate is at wonga?

that's not even usury, that's extortion.companieslike this should be banned

Not going to happen. Wonga are big Tory donors.

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Not going to happen. Wonga are big Tory donors.

And let's not forget Ed has not ruled out having dinner with some Wonga types either (from 2012):

http://order-order.com/2012/01/12/its-all-gone-wonga-is-ed-in-a-ruddy-mess/

He promised to release a list of lobbyists he had dinner with but has never done so (last month):

http://kebabtime.blogspot.co.uk/2013/06/good-shout-ed-balls-about-wonga.html

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What they charge has no relationship with interest rates whatsoever.......it is high cost, expensive fees to buy whatever money will do for the buyer over a short period of time, like buying a ticket for a football match to pay high cost expensive fees players wages. ;)

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Since I get a Wonga banner add on this site about 50% of the time I log in here I assume HPC is also funded by them B)

Google adwords to some extent influenced by browser and cookie history! :P:blink:

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he just wants a cheap transfer so he can make more money in wages (and his agent does). I don't believe he actually means the religious nonsense for a second. He is just using it. As said, he had no problem with playing in a Virgin Money shirt or being associated with a club that used to the sponsored by Northern Wreck.

If he IS genuine, I am impressed with his stance, but he's a footballer, even the foreign ones usually have the brains of a particularly stupid sloth and are socially as aware as a skunk with flatulence.

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If the rumours are true, he doesnt seem to be the most devout muslim in the world. He has a girlfriend who is Miss Newcastle and is very focused on her appearance, and Cisse goes to the casino a lot to gamble.

Demba Ba was on the same wages as Cisse. He kicked up a fuss over christmas, and now is at Chelsea on double those wages. No doubt there will be other copycats tring to repeat the same trick.

Edited by blackgoose

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Under some interpretations of Shariaw law, Muslims must not benefit from lending money. Interest is not paid on Islamic bank accounts or added to mortgages.

The Tories must be huge supporters of Shariaw Law - I haven't seen much interest on bank accounts and mortgages since they arrived.

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Payday lenders do have hefty rates for borrowers. The economic groups who are the biggest borrowers are more likely those who would not get loans elsewhere.

It is also difficult for some to get loans by other means, e.g., credit cards.

As the credit card companies charge way above BOE interest rates, I suggest that most of the anti payday loan comments are more to do with snobbery than any real concern about the rates. Don't see much from fleet street hacks trying to curb the credit card industry.

Payday loan companies are nothing more than old loan sharks in new suits, and have come about because of the enforcement of rules to curb the sharks normal way of doing business.

End poverty wages and the payday loan sharks will be out of business in no time.

..._

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Never understood the mindless antipathy towards the likes of Wonga.

They ain't holding a gun at anyone's head, if people are that thick they don't know what they're getting into that's their problem.

Edited by Bootsox

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Never understood the mindless antipathy towards the likes of Wonga.

They ain't holding a gun at anyone's head, if people are that thick they don't know what they're getting into that's their problem.

f

Yes, I'm a bit bemused too, not that I'd defend them either. It's a bit slack to dismiss some crazy APR without realising that short term loans inevitably look silly, eg borrow £100, repay £110 a week later is 1,400% APR.

What the APR-fixated are really saying is that loans with terms of under a month or so should be illegal. It's quite a moral debate when we know that Govt and 'responsible lenders' would gleefully sell you a 40-year mortgage, but don't worry it's only 4% APR.

That said, I don't doubt they prey on vulnerable people and I suspect if you struggle one week to the next then it'll only take one of these loans and you'll be sunk. I wish we could start talking about reasonable terms for borrowings, including mortages.

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  • 239 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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