Will Wonga along with other lenders that are payday? Exactly exactly exactly What caused the slump?

Will Wonga along with other lenders that are payday? Exactly exactly exactly What caused the slump?

The rags to riches to rags tale of payday lender Wonga has caused it to be a family group title but left it by having a sullied image.

Information that the organization, which gives short-term loans, has it self dropped in to the red ended up being met with glee by some, while others explain it continues to be a giant player in a strictly regulated market.

A loan at an interest rate of 5,000% with the company reporting a loss of ВЈ37.3m for 2014 and predicting more losses in 2015, many on social media were quick to jokingly offer the company. Continue reading “Will Wonga along with other lenders that are payday? Exactly exactly exactly What caused the slump?”