High-cost credit companies exploiting Wonga’s woes, says Stella Creasy

High-cost credit companies exploiting Wonga’s woes, says Stella Creasy

MP claims ‘consumers carry on being exploited by these kinds of lending’

brand New loan providers are exploiting the space available in the market left by the decrease of Wonga, based on the Labour MP Stella Creasy, once the payday that is former giant teeters in the brink of collapse.

Wonga is comprehended to possess arranged administrators through the accountancy company give Thornton it to collapse after it was revealed at the weekend that a surge in compensation claims could cause. The firm has stated it is “considering all options”, simply days after it raised a crisis ВЈ10m from investors to truly save the ongoing business from going breasts. (más…)

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