Payday loan company Wonga just collapsed
Get out your tiny violins Payday loan lender at extortionate rates Wonga has collapsed into administration after it was overwhelmed by a surge in complaints by former customers. It received a £10 million cash injection to save the company from entering insolvency only last month. The company had previously announced that it would no longer be […]
8 years ago
Payday loan company Wonga is no longer offering new loans
The company has attracted criticism for targeting vulnerable people The payday loan company Wonga has announced it is no longer taking new loan applications as it nears collapse. The move comes after it received a £10 million cash injection to save the company from entering insolvency last month, with it emerging over the weekend it had lined up […]
8 years ago
Wonga on brink of collapse after surge in customer compensation claims
Wonga received a cash injection of £10 million earlier this month Payday lender Wonga is reportedly on the brink of collapse after a surge in customer compensation claims made against it. The company, which has been accused by protesters as being akin to loan sharks, could be taken over by professional services firm Grant Thornton […]
8 years ago
Money-lender Wonga receives emergency cash injection to save it from insolvency
Paging Alanis Morissette Payday loan provider Wonga has received a £10 million cash injection to save the company from entering insolvency. Sky News reports that executives at the company, which is one of the biggest short-term money-lenders in the UK, warned its shareholders that it was in danger of becoming insolvent. Sky sources: Money-lender Wonga […]
8 years ago