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It may be readily assumed that enquiring of Wonga and their ilk as to why they set their APR so high would be a waste of time and effort, but if there are some 'friendly' "non-profit groups" about:would there be any point in asking them why they charge 26% APR?
Also, there is no getting away from the fact that a short-term loan from these 'sharks' is still cheaper than an unauthorised overdraft occurring on your ordinary bank account.
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