Compensation claims helped tip Wonga over the edge



Payday lender Wonga faced the prospect of compensation claims on up to 13.6million unsecured loans that it issued between 2007 and 2014, before it collapsed last week. The controversial lender called in administrators from accountant Grant Thornton after it experienced a surge in redress claims last month.

Source: Daily Express :: Finance Feed https://ift.tt/2LREWb7

Share this

Related Posts

Previous
Next Post »