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

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 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

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

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 collapse leaves Britain's other payday lenders in firing line

LONDON (Reuters) - The collapse of Britain’s biggest payday ... loans collapsed into administration on Thursday, only weeks after raising 10 million pounds ($13 million) to help it cope with an increa... read more

Update: Cash-strapped Wonga goes into administration in the UK

Original story follows below… UK payday loans firm Wonga, whose investors include high profile European VC firms Accel and Balderton, appears to be teetering on the brink of collapse as ... rising num... read more

Wonga stops taking payday loan applications as it faces collapse

Wonga has stopped taking new loan applications as the struggling payday lender faces collapse ... ‘accelerated further’. The firm has reportedly lined up potential administrators after a surge in comp... read more

Wonga on brink of collapse after customer compensation claims deluge

Wonga, the payday lender ... is on the brink of collapse this weekend following a deluge of customer compensation claims. Sky News has learnt that the company has lined up Grant Thornton, the professi... read more
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