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ThisisBigBrother.com - UK TV Forums > Non Big Brother Chat > Serious Debates & News > PayDay Lending firm WONGA is now in Administration
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Old 26-08-2018, 11:41 AM #1
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Default PayDay Lending firm WONGA is now in Administration
https://news.sky.com/story/wonga-on-...eluge-11482720

Just reported on SkyNewsHD
from Mark Kleinman, City editor


Wonga soon to be bankrupt

[Wonga's decision to explore the appointment of administrators
comes three weeks after Sky News revealed that the company
had received an emergency £10m cash injection to keep it afloat.]


Sign Of The Times
Last edited by arista; 30-08-2018 at 05:15 PM.
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Old 26-08-2018, 11:59 AM #2
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I guess they fell behind with their repayments.
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Old 26-08-2018, 12:21 PM #3
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Good!
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Old 26-08-2018, 12:42 PM #4
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Spoiler:

Last edited by Ammi; 26-08-2018 at 12:45 PM.
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Old 26-08-2018, 12:43 PM #5
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...ooops I might need a spoiler for that...that’s a massive debt...
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Old 26-08-2018, 12:44 PM #6
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...can’t even find the edit button it’s so big...
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Old 26-08-2018, 02:29 PM #7
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Quote:
Originally Posted by Dia. View Post
I guess they fell behind with their repayments.

Yes what comes around.......................................
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Old 26-08-2018, 03:16 PM #8
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What a shame
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Old 26-08-2018, 04:47 PM #9
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Quote:
Originally Posted by Ammi View Post
...can’t even find the edit button it’s so big...
Yes it takes time
well done.

Wonga rip folks off,
Some wonder if Admin
will still force the cash to come in.

High Interest Rates on Loans


Demo back in 2014

(loans made before new rules were introduced in 2014 had triggered a big rise in compensation payouts.)
Last edited by arista; 26-08-2018 at 04:48 PM.
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Old 27-08-2018, 11:41 AM #10
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Its a start, there are companies just as exploitative out there charging 4000%+ interest.... time to tackle those now.
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Old 27-08-2018, 11:46 AM #11
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Originally Posted by Kizzy View Post
Its a start, there are companies just as exploitative out there charging 4000%+ interest.... time to tackle those now.

Yes that is wrong.


From all reports they are saying Admin
will carry on taking the cash
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Old 30-08-2018, 11:46 AM #12
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Wonga has now stopped
giving any loans.


Ref: Bloomberg


Also any with Claims
due in the next few months,
may not get a penny.............................................
Last edited by arista; 30-08-2018 at 04:16 PM.
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Old 30-08-2018, 05:13 PM #13
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SkyNewsHD Live

Wonga is Now in Admin.
(Mark Kleinman, City editor)

https://news.sky.com/story/wonga-to-...fears-11485818
Last edited by arista; 30-08-2018 at 05:18 PM.
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Old 30-08-2018, 09:38 PM #14
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Old 30-08-2018, 09:39 PM #15
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Good, I hate these sort of businesses. Just pure exploitation.
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Old 01-09-2018, 05:15 PM #16
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Originally Posted by Daniel-X View Post
Good, I hate these sort of businesses. Just pure exploitation.

Very True
DX.
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Old 01-09-2018, 06:51 PM #17
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Protip/ you can "payday borrow" from yourself for a week using PayPal, and it's interest free. These Wonga "legitimised loanshark" type things are surely majorly outdated, I feel...
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