Give Thornton confirmed for administration of pay day loan firm Wonga

Give Thornton confirmed for administration of pay day loan firm Wonga

Controversial pay lender Wonga has collapsed into administration, following a slew of compensation claims which rocked the company in recent years day. Grant Thornton happens to be appointed to oversee the company’s winding down, after it did not secure a deal along with its lenders that are own.

Britain’s employees have now been put in a susceptible place for years now, with stagnating pay and soaring inflation pressing nearly all residents toward depending on credit which will make ends fulfill.Continue reading