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Payday lender Wonga ‘on brink of collapse’ after surge in compensation claims

Wonga has lined up potential administrators after a surge in compensation claims pushed the payday lender to the brink of collapse, according to reports. The firm has said it is "considering all ... read more

Wonga on brink of collapse after customer compensation claims deluge

Wonga, the payday lender which was once one of Britain's fastest-growing consumer finance companies, is on the brink of collapse this weekend following a deluge of customer compensation claims. Sky ... read more

What Wonga collapse could mean for customers

News that Wonga is teetering on the brink of collapse has left many customers wondering if they will have to repay their loans in the event that the company goes into administration. The slow death of ... read more

Wonga stops lending as payday loan company hovers on the brink of collapse

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or ... read more

Wonga prepares for 'orderly wind down'

Administrators have been officially appointed to conduct an "orderly wind down" of Wonga in the UK following the company's collapse. The payday lender said its management had no alternative following ... read more

Payday lender Wonga ‘on brink of collapse’ after surge in compensation claims

Wonga has lined up potential administrators after a surge in compensation claims pushed the payday lender to the brink of collapse, according to reports. The firm has said it is “considering all ... read more