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GalloLoans 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. GalloLoanS (financial bafflers) - NO. 343, Diagon Alley South"
— GalloLoans[src]

GalloLoans 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

GalloLoans 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. Though a 239.45% interest rate seems excessive, costs for such loans can quickly spiral out of control if not repaid promptly.

The name GalloLoans 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

Notes and references


London's Wizarding Quarter
England, Great Britain
Carkitt Market - Diagon Alley - Horizont Alley - Knockturn Alley
Diagon Alley
Shops

2nd Hand Brooms · Amanuensis Quills · Broomstix · Broom Brakes Service · Broom Shop · Cauldron Workshop · Cranville Quincey's Magical Junkshop · Fine Enchanting Cauldrons · Floo-Pow · Florist's stall · Gambol and Japes Wizarding Joke Shop · J. Pippin's Potions · Jimmy Kiddell's Wonderful Wands · The Junk Shop · Madam Primpernelle's Beautifying Potions · Mr Mulpepper's Apothecary · Obscurus Books · Ollivanders · Rosa Lee Teabag · Scribbulus Writing Implements · Second-Hand Bookshop · Second-Hand Robes · Slug & Jiggers Apothecary · Sugarplum's Sweets Shop · Surgical and Dental Operator · Twilfitt and Tattings · Wand Showroom · Weasleys' Wizard Wheezes · Whizz Hard Books

Other services

Brews and Stews · Daily Prophet's main office · Diagon Alley stalls · GalloLoans · Gringotts Wizarding Bank · The Ministry Press · Peter Boat · TerrorTours

Locations

1 Diagon Alley · 18a Diagon Alley · 129b Diagon Alley · 275 Diagon Alley · 343 Diagon Alley South · 59 Diagon Alley · 92 Diagon Alley · 93 Diagon Alley · 94 Diagon Alley

Known residents and shop employees

Archibald Bennett · Broom Shop shopkeeper · Clutterbuck Crispe · Cranville Quincey · Daily Prophet personnel · Edwin Avarus · Fred Weasley (deceased) · Garrick Ollivander · George Weasley · Healer · Jimmy Kiddell · J. Pippin · Madam Primpernelle · Manager of Gambol and Japes Wizarding Joke Shop · Mulpepper · Podric Batworthy · Ronald Weasley · Shimmy Hardoteer · Sugarplum · Unidentified florist in Diagon Alley · Verity · Villanelle

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