Category: California Payday Loan Near Me

Will Wonga along with other payday loan providers survive? exactly just What caused the slump?

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Will Wonga along with other payday loan providers survive? exactly just What caused the slump?

The rags to riches to rags tale of payday loan provider Wonga has caused it to be a home title but left it having a sullied image.

Information that the business, which supplies short-term loans, has it self dropped in to the red ended up being met with glee by some, while others mention it remains a giant player in a market that is strictly regulated.

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…