Payday advances are tiny, short term installment loans built to tide the borrower over until their next pay cheque. Michelle and David Reade took away that loan from Wonga at 4,214per cent after which destroyed their jobs. Photograph: Richard Saker when it comes to Observer Michelle and David Reade took away that loan from Wonga at 4,214per cent after which destroyed their jobs. Photograph: Richard Saker for the Observer.F ew people survive into the end for the thirty days to their wage or advantages re re re payment in Chatham, in the event that stores in the Medway town's traditional are any ...