Wonga to report losses of £35 million as regulatory crackdown bites

[Legal Beagles]

Wonga, the largest of the UK’s controversial payday lenders, is expected to report £35 million in losses, after being hit by a a series of scandals and a regulatory crackdown that could threaten its future. Revenues are expected to have collapsed by a third to around £210 million. The losses come on top of a... Read more »
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[wales01man]

Re: Wonga to report losses of £35 million as regulatory crackdown bites

Can we start a whip round to lend them some money I got 20 quid they can have for 1 year at 10000%

[cards down]

Re: Wonga to report losses of £35 million as regulatory crackdown bites

Maybe they could get a loan :tinysmile_aha_t: