Do I Have To Spend Wonga? All You Need To Understand!

Do I Have To Spend Wonga? All You Need To Understand!

If you’re among the thousands of people that have experienced as a result of payday advances, you may have already been very happy to look at news that payday lender Wonga had been starting management.

A few weeks ago, Wonga ended up being the UK’s biggest and fastest growing lender that is payday however the company’s luck changed as soon as the Financial Conduct Authority (FCA) imposed strict new guidelines across the quantity of interest payday loan providers could charge their clients.

What’s more, the FCA forced Wonga to pay clients for unjust financing and financial obligation collection techniques. The mixture among these a few things turned out to be a lot of economic stress for the business – and some times ago, they went into management. Continue reading “Do I Have To Spend Wonga? All You Need To Understand!”