Wonga shuts down operations: pay day loan business faces COLLAPSE – prevents loan requests

Wonga shuts down operations: pay day loan business faces COLLAPSE – prevents loan requests

PAYDAY loan provider Wonga has stopped using loan requests am >

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The company announced it had decided to stop taking loan applications while it continues to assess its options in a brief statement published on its website.

It stated: “you can continue steadily to make use of our solutions to control your loan. if you’re a current consumer”

Bosses held crisis speaks utilizing the Financial Conduct Authority yesterday and generally are anticipated to make an statement regarding the organization’s future later now.

Investors in Wonga consist of Balderton Capital, Accel Partners and 83North.

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