Wonga has tumbled into management, but its borrowers can’t relax
- Felicity Hannah
- Thursday 30 August 2018 09:15 ^moreThanTen
- total reviews/moreThanTen
It is often a lengthy and week that is drawn-out of for controversial payday loan provider Wonga.
Information that business ended up being lining up prospective administrators because it buckled underneath the weight of legacy loan claims arrived final week-end, nonetheless it wasn’t until today, hours following the loan provider stopped providing brand new loans, that people administrators had been finally summoned.
Wonga’s failure has prompted delighted jokes about small violins on Twitter along with some genuine concern that more borrowers might be forced in to the clutches of loan sharks if a significant provider of legitimate credit goes under. Continue reading “Why the collapse associated with pay day loans company will not make its customers debt free”