Wonga TV ad banned for failing to show interest rate

[citizenB]

http://www.bbc.co.uk/news/business-29530615

 

 

Citizens Advice argued the advert - in which a man jotted down figures on a napkin before checking on his phone calculator - breached regulations by not revealing the loan's interest rate.

 

One of Wonga's "pensioner puppets" is seen telling the man: "You appear to be in a financial quandary, young fellow."

 

 

You would have thought they would have learned their lesson by now.. but nope.. they try to squeeze these ads through !

[Ell-enn]

for "puppets" read....Muppetts !

[Nao]

You could throw a ladder down the hole PDLs have dug for themselves and they would just find a way to convert it to a shovel in order to dig even deeper instead of climbing out.

[gordieglqasg]

Not sure if this is a site issue, however is anybody else actually getting Wonga ads (as banners and side ads) when looking through the forums? Seems strange.

[citizenB]

Not sure if this is a site issue, however is anybody else actually getting Wonga ads (as banners and side ads) when looking through the forums? Seems strange.

 

Sadly we are unable to do anything about that - it has something to do with the google ads thing.

[king12345]

I thought they were allowed to omit the interest rate if the figure doesn't fit in a standard 42 inch tv screen

[BRIGADIER2JCS]

Sadly we are unable to do anything about that - it has something to do with the google ads thing.

Keep going into adsettings and report the ad as repetitive.

[gordieglqasg]

thanks, thought it would be ironic if you where advertising PDL companies!!!

[citizenB]

I thought they were allowed to omit the interest rate if the figure doesn't fit in a standard 42 inch tv screen

 

 

It is interesting that Tobacco companies have to place visible and graphic warnings on their product because it damages peoples health. Yet PDLs can get away with very faint and teeny print to advise of their interest rates and can use cute grandparents to sell their product..

 

PDLs cause as much if not more damage to the borrowers health, wealth and family life.

 

Perhaps they should be forced to show people stressing out over their monthly repayments - hiding when the bailiffs come to knock or show someone being shamed in court when they face bankruptcy or simply be made to stop advertising these toxic loans permanently.

[JoeyJoeC]

Sadly we are unable to do anything about that - it has something to do with the google ads thing.

 

It's simple to filter which ads are displayed via the Adwords control panel