Wonga's serious online loan shark

Previously wrote a lending website related topics, introduced several domestic and foreign lending and borrowing sites, these sites are to provide a platform, the site itself does not absorb reserves, do not mortgage, want to borrow money to lend users. Suddenly there is a Wonga on the network, know it because recently they got more than 20 million venture capital news, more outrageous thing is the website known as "Cash on Demand", very simple steps can borrow money from the site, not to provide a lending platform as complex things, quite B2C style. The site offers small loans of up to £200 for up to 40 days, or 2,230 yuan, but with an interest rate of 2,689% APR. Borrow from Wonga. 200, plus £ 5.50 transfer fee, 1 day later must be returned. 215.63, you have to pay back in 40 days. 286.57.