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Wonga to write off £220m of customer debts



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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