Jump to content


style="text-align:center;"> Please note that this topic has not had any new posts for the last 466 days.

If you are trying to post a different story then you should start your own new thread. Posting on this thread is likely to mean that you won't get the help and advice that you need.

If you are trying to post information which is relevant to the story in this thread then please flag it up to the site team and they will allow you to post.

Thank you

Recommended Posts

Its been a long time coming but one of the biggest PDL firm is about to fall.

Part of it has to do with PDL Reclaims... This is a consequence of this...

 

Wonga is on the edge. Grant Thornton could possibly assist with the administration.

Remember this is a firm who in 2014, was ordered by the City watchdog to pay more than £2.6m in compensation to 45,000 customers who were sent letters purporting to be from law firms but which in fact did not exist.

At this time their site is still offering loans. As per usual CAG advice is to stay away...

 

Payday lender Wonga has said it is considering "all options" after reports suggested it was on the brink of collapse.

 

It follows a surge in compensation claims against the firm, amid a government clampdown on payday lenders.

 

 

HERE- Credit To BBC

 

HERE- Credit To Sky News

 

Further updates will be posted as they unfold.


**Fko-Filee**

Receptaculum Ignis

 

Share this post


Link to post
Share on other sites

Hopefully they still pay out claims, I've got a claim over 6 years sat with the FOS at the minute :(

Share this post


Link to post
Share on other sites
Hopefully they still pay out claims, I've got a claim over 6 years sat with the FOS at the minute :(

 

If they go into to administration - thatll be unlikely...

Look at Minicredit and CFO Lending... This happened to them. This administration issue is because they have run out of money almost...


**Fko-Filee**

Receptaculum Ignis

 

Share this post


Link to post
Share on other sites

lets hope they end up like cash genie, they are still paying out claims

Share this post


Link to post
Share on other sites
lets hope they end up like cash genie, they are still paying out claims

 

Cash Genie went up while they still had £20 mil in the bank to pay out compo... This is different... Cash flow at Wonga is a problem. However I know a good product they could use... Although it is charged at 5000% + APR...


**Fko-Filee**

Receptaculum Ignis

 

Share this post


Link to post
Share on other sites

oh joy, the largest claim I have is against this shower. :!:

Share this post


Link to post
Share on other sites

Wonga has collapsed into administration. If you have a PDL Claim currently in progress with the FOS or with them directly, it is likely you will not be paid any compensation.

 

If you already have a claim awarded and oustanding, you will join a list of creditors if you apply to the administrators and stake your claim.

 

More information will be made available ASAP.

 

Payday lender Wonga has gone into administration after losing its battle to stay afloat.

 

The company said in a statement that it had assessed all options and had decided that administration was the only option.

 

- Thanks To The BBC

**Fko-Filee**

Receptaculum Ignis

 

Share this post


Link to post
Share on other sites

What a shame, never mind... 😂😂

I wonder now how many people will just not bother paying back their outstanding loans, thus making things even worse for the company/administrators?

Share this post


Link to post
Share on other sites

  • Recently Browsing   0 Caggers

    No registered users viewing this page.


  • Have we helped you ...?


×
×
  • Create New...