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Payday Loans Firm Wonga Is On The Brink Of Collapse After A Surge In Compensation Claims | AutoTraffic

Payday loans firm Wonga is on the brink of collapse after a surge in compensation claims

Wonga is on the brink of collapse after a surge in customer compensation claims. The payday loans firm was once one of the fastest-growing consumer finance companies in Britain. It even had ambitions ... read more

Wonga ‘on brink of collapse’ after payday loan company was overrun with compensation claims

But sources say it merely encouraged a new wave of compensation ... loans giant if it is declared insolvent. Insiders say news of the lifeline only spurred fresh legal action from claims management co... read more

Payday lender Wonga collapses into administration amid deluge of customer compensation claims

Britain's biggest payday loan ... The firm's folding confirmed Sky News' report on Sunday that the company was on the brink of collapse following a deluge of customer compensation claims. Wonga's desc... read more

Wonga appoints administrators as payday loans firm collapses, having stopped accepting new loans

Payday lender Wonga entered into administration late on Thursday, having earlier that day stopped accepting new loans in the wake of reports that it is on the brink of collapse ... firm Grant Thornton ... read more

Wonga stops accepting new loans as the high cost lender teeters on brink of collapse

Embattled payday lender Wonga has stopped taking new loan applications, ramping up fears that it is on the brink of administration. In a statement on its website, the firm said ... lending and a spike ... 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 ... charges on its loans and it has been accused of targeting those w... read more

Payday lender Wonga stops taking new loan applications as it teeters on the brink of collapse

Wonga has been ... to stop taking loan applications." The troubled lender is said to be on the brink of going under after the firm has reported losses over the past few years. Wonga is still processin... read more

Wonga on verge 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 ... related to UK loans taken out before 2014 had ‘accelerated furthe... read more

Wonga 'on brink of collapse' after surge in compensation claims

Payday lender Wonga ... to a recent flood of claims from people who took out loans at its lofty interest rates. According to Sky News reports, Wonga has experienced a surge in claims for compensation ... read more
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