Wonga collapse actually leaves Britain’s other payday loan providers in firing line. Wonga stated the rise in claims ended up being driven by alleged claims administration businesses, businesses which help consumers winnings settlement from companies.

Wonga collapse actually leaves Britain’s other payday loan providers in firing line. Wonga stated the rise in claims ended up being driven by alleged claims administration businesses, businesses which help consumers winnings settlement from companies.

LONDON (Reuters) – The collapse of Britain’s biggest payday loan provider Wonga probably will turn the heat up on its competitors amid a rise in grievances by customers and phone telephone telephone calls by some politicians for tighter legislation. Britain’s poster kid of short-term, high-interest loans collapsed into administration on Thursday, just months after increasing 10 million pounds ($13 million) to assist it deal with a rise in settlement claims.

Wonga stated the rise in claims had been driven by alleged claims administration organizations, businesses which help consumers winnings payment from organizations. 继续阅读“Wonga collapse actually leaves Britain’s other payday loan providers in firing line. Wonga stated the rise in claims ended up being driven by alleged claims administration businesses, businesses which help consumers winnings settlement from companies.”