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What Happens To Your Wonga Debt After The Companys Collapse And What Are The Compensation Claims | AutoTraffic

Wonga collapse: What it means for current customers and those claiming compensation

Payday lender Wonga collapsed into administration yesterday soon after ... this, your best option is to contact a free debt advice charity as they can talk you through your options and work out a suit... read more

Wonga collapse - what does it mean for customers?

Wonga has collapsed into administration hours after announcing it would no longer be taking applications for new loans. The company had been struggling due to a “significant” increase industry-wide in ... 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, according to reports ... The lender blamed claims management compani... read more

Wonga’s collapse and what it means for the people who rely on payday loans

Wonga, the poster-boy of the British payday lending industry, has gone into administration following an influx of customer compensation claims. Its demise is a ... in accessing a payday loan from anot... read more

How To Negotiate With A Debt Collector

If you are more than 90 days delinquent, or behind, on payments, your creditors or collection agencies will come after you, but it is possible to resolve this on your own. Negotiating your own debt se... 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 ... company’s financial performance and was expecting to return to profit the following year. Reacting to the reports, ... read more

It's About Time David Einhorn Took Action With SunEdison - What To Expect

The fundamentals of the market had greatly shifted after the collapse in oil prices and investors are ... injection due to the presence of already too many competing debt claims on the company. While ... read more

Can you get your Yes Loans fee back and what happens to your loan repayments?

If you want a refund for your fee then you can contact them the same number or address, or email However, the rules for if the company cease to trade are unclear. A spokesma... read more

Wonga Collapse Leaves Britain's Other Payday Lenders in Firing Line

LONDON (Reuters) - The collapse ... only weeks after raising 10 million pounds ($13 million) to help it cope with an increase in compensation claims. Wonga said the surge in claims was driven by so-ca... 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. The firm revealed this ... The firm has reportedly lined up potential administrators after a surge in com... read more

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

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 descent ... off £220m worth of debt be... read more

Canada's Subprime Lenders Collapse; Has The Bubble Popped?

What happens with the big five banks? It's long been argued that Canada's housing market is immune to normal financial rules, such as debt ... compensation for it (other than from Seeking Alpha). I ha... read more
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