Wonga collapse actually leaves Britain’s other payday lenders in firing line
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LONDON (Reuters) – The collapse of BritainвЂ™s biggest payday loan provider Wonga probably will turn the heat up on its competitors amid a rise in grievances by clients and telephone phone phone calls by some politicians for tighter legislation. BritainвЂ™s poster youngster of short-term, high-interest loans collapsed into administration on Thursday, just months after increasing 10 million pounds ($13 million) to aid it deal with an boost in settlement claims.
Wonga stated the rise in claims had been […]
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