Payday
lender Wonga says it is writing off £220m of debts for 330,000 customers after
putting in place new affordability checks. The company, which has faced
criticism for its high interest rates and debt collection tactics, made the
changes after discussions with regulators. Customers in arrears whose loans
would not have been made under the new checks will have their debts written
off. BBC; Oct 2 http://www.bbc.com/news/business-29457044
Wonga.com
(a trading name of WDFC UK Limited) is a British payday loan company offering
"short-term, high-cost credit". The interest charged by the lender,
which can equate to an annual percentage rate (APR) of more than 5000%, has
been widely criticised. Wonga have said that they believe that APR is a poor
measure of the true cost of short-term loans.
To
understand this news we go back to the April 15, 2014 lunar eclipse which
occurred in the lunar cycle of March 30, 2014 New Moon on the 25 Aries-Libra axis
The Lunar Month of March 30, 2014 started with the
Jupiter-Uranus-Pluto T-Square already active. It was conjunct Uranus within 2.5°, with the
Sun and Moon activating the catalytic T-Square, specifically Uranus, impelling radical
innovative solutions to break free from the conforming bounds of the past, a
theme continuing throughout this lunar cycle and The New-Moon was also conjunct the Supergiant
Garnet Star, Erakis of King Cepheus. Erakis brings emphasis to the administration of
financial matters, and to the control and dispensation of wealth and resources
in the world and for attainment beyond
the obvious limitations and entrapments we may face
This lunar cycle stimulates a radical change in
authoritarian control of resources, especially of those trying to control,
dominate or suppress others. It invites us to make radical changes in our
personal lives that lift us out of our own entrapments.
The April 15 Total Lunar Eclipse occurs just into
sidereal Libra conjoining Ceres and Vesta opposite the Sun-Juno-Eris
conjunction. Notice also the Vesta-Ceres-Moon conjunction nesting between Mars
and the North Lunar Node, creating one entire energetic directly in opposition
to the entire stellium of planets including the Sun-Juno-Eris conjunction and
the Mercury-Uranus conjunction. Thus our Lunar Eclipse beccomes another
significant dynamic of the Grand
Square .
The Full Moon conjoins Spica and Archturus. Thus,
it brings out the essence of the Grand Square
gateway, starting now. It, along with Pluto's station, (in 8th house
of joint resources) invites a relinquishment and a refocus of our energies and
efforts toward that which is far more of issue than anything occurring on the
global stage, ensuring the opportunity for the safe evolutionary continuance
and fulfillment for all of humankind and for all of life on Earth.The Sun-Juno
conjunction brings attention to partnership of all types, those personal and
those of business and politics, and those between countries. The Lunar focus is
Ceres and Vesta under the Archturian directive—focus, dedication and commitment
to the fundamental nourishment required to support all life on Earth and for
our evolutionary fulfillment.
Our Full Moon brings us to the culmination point in
the Uranian Lunar Cycle, bringing realization about our need for a radical
departure from the past and to create a revolutionary new future that supports
humanity's greater wellbeing and freedom from bondage in the fear-based
technobeurocratic monster of collective human consciousness driving this world.
Letting go of old ways of interrelating in partnerships, and addressing our
need to change how we use our creative power in the world for what is truly
important (articulated by the Haumea, Mars, Vesta, Ceres, North Lunar Node Full
Moon) is the hallmark of this Total Lunar Eclipse.
So how does
this summary extract from Nick Fiorenza [1] apply to Wonga? All we now need to
do is to check whether the progressed angles of the eclipse chart activate the
eclipse on October 2 and sure they do. Notice that the progressed horizon axis
coincides exactly with the radix position of the eclipse luminaries on that
day!
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