By Chris Johnston Company reporter, BBC Information
Six years back the creator of Wonga described the payday loan provider as a “platform money for hard times of economic services” . However it appears the long run has not ended up quite the real method Errol Damelin had hoped. This the company is considering “all options” after reports suggested it was close to collapse week.
Its reversal of fortunes happens to be prompted with a deluge of settlement claims for loans applied for before 2014. The Financial Conduct Authority ruled four years ago that Wonga’s commercial collection agency techniques had been ordered and unfair it to pay for Р’Р€2.6m in compensation to 45,000 clients. Continue reading “Its reversal of fortunes happens to be prompted by a deluge of payment claims for loans removed before 2014.”