GalleLoans ad in the Daily Prophet
GalleLoans ad in the Daily Prophet
- "Need a CREDIT for a NEW BROOM? Living on an overpotion? Pressure from debt diviners? Afraid to open your owl-mails? Robbing sorcerer to pay sorceress? BEEN REFUSED A LOAN TO HEX YOUR DEBTS? Send us an OWL, before it is too late. GalleLoanS (financial bafflers) - NO. 343, Diagon Alley South"
- — GalleLoans[src]
GalleLoans was a wizarding financial services company based at 343, South Side, Diagon Alley, London. They offered loans with interest rates starting at 239.45%.[1]
They ran an advert in the Daily Prophet in June 1996.[1]
Behind the scenes[]
- GalleLoans seems to be a parody of businesses that provide high-cost, short-term credit loans, commonly called payday loans. Such businesses are infamous for their high cost for payback and aggressive collection practices, with some considering them predatory, especially when targeted at low-income individuals needing extra money to cover monthly expenses. The company's 239.45% interest rate seems excessive, and costs for such loans can quickly spiral out of control if not repaid promptly.
- The name GalleLoans is likely a play on Galleons. It is likely a wizard run business, not affiliated with Gringotts. "Robbing sorcerer to pay sorceress" is a pun on "Robbing Peter to pay Paul", an idiom describing borrowing money and incurring a debt to pay off another debt.
Appearances[]
- Harry Potter and the Order of the Phoenix (film) (First mentioned)
- Harry Potter and the Deathly Hallows: Part 1 (Mentioned only)[2]
Notes and references[]
| England, Great Britain | ||
|---|---|---|
| Carkitt Market - Diagon Alley - Horizont Alley - Knockturn Alley |