Should the Archbishop use Wonga? The firm's boss appears to think so, and has described the controversial site's critics as "prejudiced".
Wonga's boss has been defending the company after it came under attack in recent months, including from the Archbishop of Canterbury.
The Archbishop of Canterbury has told Wonga that the Church of England wants to "compete it out of existence" by supporting credit unions.
Payday loan lender representatives are appearing in front of the Business, Innovation and Skills Committee to answer questions on regulation.
Evidence is being heard from Henry Raine, head of regulatory and public affairs, Wonga, Adam Freeman, chief executive of Mr Lender, QuickQuid, Greg Stevens from the Consumer Credit Trade Association and Graham Dunn from the Consumer Finance Association.
Payday loan companies should be quizzed on their "hounding" of customers who are struggling to pay back the money they borrowed, a self-confessed "victim" of the quick-fix lenders told Daybreak.
Heather Sherry, 20, started taking out payday loans to make ends meet but got into trouble when the high interest rates were added onto what she had borrowed.
She wanted MPs to question payday loans companies on the aggressive tactics they used to secure repayment:
"The main thing is the hounding, because when I couldn't pay it back you then get hounded to pay it back.
"The adverts make them seem much better than what they are. They make them seem, 'wow, it's a really good thing,' and they stick in your mind.
Representatives from the three of the biggest payday lending firms will appear before the Business, Innovation and Skills Select Committee today, along with opponents to the short-term lending sector.
- Mr Lender
- Richard Lloyd, executive director of Which?
- Gillian Guy, chief executive of Citizens Advice Bureau
Richard Lloyd, the executive director of Which?, has told BBC Radio 5 Live Wonga has been in a "complete shambles, a mess of a credit sector" and "needs sorting out".
He will be among those giving evidence at today's select committee.
– Richard Lloyd, Which?
We need to see a much more urgent approach to getting the cost - in particular fees and charges that payday lenders hit people with - under control, capped, much tougher rules, much sooner about the way they advertise and the way they deal with people who are applying for their loans.
...They're advertising payday loans as a lifestyle choice.... a lot of costs of a payday loan are hidden away in the terms and conditions ... the way they get people into trouble is hitting people with fees and charges that aren't necessarily there in the advertising.
Speaking at the launch of a documentary film about Wonga customers, the firm's chief operating officer defended the service against critics he described as "prejudiced".
"What we're trying to do here is ask people to look at our customers," Niall Wass told ITV News Business Editor Laura Kuenssberg.
"We've done a snapshot of a million active customers, 90% of whom would recommend us to friends and family."
He said Wonga's critics too often "jump to conclusions without looking at the facts."
Wonga chief operating officer Niall Wass has urged the Archbishop of Canterbury, a critic of the firm, to try out the payday lender.
"What I'm asking him and others to do - go use the service. See if you think it's fair and transparent," he told ITV News Business Editor Laura Kuenssberg.
"Take out £10 for 30 days. Pay it back after a week - which you can't do in many other places. Look at the price, tell me if that's fair and transparent.
"And then judge us by our customers. Our customers are regular people."
Unite general secretary Len McCluskey branded Wonga's surging profits as "vulture capitalism", after the payday lender's figures showed they were making more than a £1 million a week in profit.
Payday lenders are making their profits on those struggling to make ends meet on a daily basis with outrageous rates of interest that mount up with an alarming speed, causing fear and insecurity. George Osborne's claims of an economic recovery are partly based on an out or control industry that preys on the poor and the low paid.
– Unite general secretary Len McCluskey
Osborne's ‘Wonganomics’ of relying on payday lenders to boost consumer spending will not get this economy back on track - it's unsustainable and morally wrong. Ted Heath once spoke of the unacceptable face of capitalism – what we are seeing in 2013 is vulture capitalism, picking wallets and purses clean.
Citizens Advice's chief executive Gillian Guy said payday lenders must focus on customer welfare, not profits, after Wonga released strong figures today.
Payday lenders' profits come directly from the pockets of consumers, many of whom turn to them out of desperation rather than choice.
The payday loans industry must focus on boosting customer welfare, rather than boosting profits at the expense of hard-pressed householders who struggle to pay back unaffordable loans.
– Gillian Guy, Chief Executive of national charity Citizens Advice
Our evidence shows persistent, deep-rooted problems with the way payday lenders treat their customers, so we want to see lenders’ focus shift from increasing profits even further to looking at how they can tackle their customers’ complaints and become more responsible lenders.
Consumers are already bombarded with glossy payday loan adverts which mask the misery of a life in debt. We want people to fight back and report irresponsible and misleading adverts as well as fighting irresponsible lenders.