Wonga ad playing down APR banned

Press Association
File photo dated 16/12/12 of the website of payday loan company Wonga, as payday loan firm is to start using a new
File photo dated 16/12/12 of the website of payday loan company Wonga, as payday loan firm is to start using a new





















%VIRTUAL-SkimlinksPromo%A Wonga advert has been banned for implying that the representative APR of 5853% was "irrelevant".

The television ad for the payday loans company featured a conversation between two puppets, who said: "Right, we're going to explain the costs of a Wonga short-term loan.