Wonga

Wonga Has Just Made The Day Of 330,000 People

The Huffington Post UK/PA | Posted 11.10.2014 | UK

Payday lender Wonga has emailed around 330,000 customers to inform them it has wiped out their debt. The move is expected to see the firm lose out ...

Latest Wonga Shame As Misleading Advert Is Banned From TV

PA/Huffington Post UK | Posted 08.10.2014 | UK

An ad for payday lender Wonga has been banned for breaching regulations by failing to disclose the relevant cost of borrowing. The television ad showe...

The Week In 50 Funny Tweets

The Huffington Post UK | Posted 03.10.2014 | UK Comedy

It was the week that began with the holy trinity of excitement: George Clooney's wedding, Brooks Newmark's resignation and Mark Reckless's defection t...

330,000 Wonga Customers Will Be Pretty Happy This Morning

The Huffington Post UK/PA | Posted 02.10.2014 | UK

Wonga is to write off the debts of hundreds of thousands of customers after admitting it made loans to people who could not afford to repay them. T...

Sharp Fall In Profits Expected For Wonga

PA/Huffington Post UK | Posted 29.09.2014 | UK

Controversial payday lender Wonga is expected to report a sharp fall in profits when it publishes its full-year results tomorrow. The firm, which has ...

If Wonga Adverts Told The Brutal Truth

The Huffington Post UK | Posted 23.07.2014 | UK Comedy

Imagine what it would be like if Wonga commercials were brutally honest? We did... (Video for HuffPost UK Comedy by David Schneider and Handface...

Will The Payday Loan Cap Actually Change Anything?

The Huffington Post/PA | Posted 15.07.2014 | UK Politics

People using payday lenders are to see the cost of borrowing fall significantly under a crackdown announced by the financial regulator today, but crit...

Wonga To Axe These Puppets In Bid To Stop Attracting Children

The Huffington Post UK | Asa Bennett | Posted 14.07.2014 | UK

Wonga's grandparent puppets, stars of the controversial payday lender's recent adverts, are to be axed as part of the firm's attempt to avoid "anythin...

Big Banks Are Threatening People With Dodgy 'Wonga-Style' Lawyers

The Huffington Post UK | Asa Bennett | Posted 04.07.2014 | UK

Britain's biggest banks are hitting customers with legal threats from what appear to be independent lawyers, but are actually names used by the bank's...

Government's Student Loans Company Sent 'Wonga Style' Debt Collection Letters To Graduates

The Huffington Post UK | Posted 02.07.2014 | UK Universities & Education

The government's Student Loans Company sent "Wonga-style" debt collection letters to graduates using a fictitious firm to threaten legal action, it ha...

Debt Collection: The Shameful Face of Modern Britain

Hugh Salmon | Posted 31.08.2014 | UK Politics
Hugh Salmon

21st Century Britain, where debt collectors operate above the law.

The Week In 50 Funny Tweets

The Huffington Post UK | Posted 30.06.2014 | UK Comedy

That 'more', of course, including England's exit from the World Cup... England's World Cup, in six seconds. https://t.co/vTqviny0OB— Football ...

Police Could Get Onto Wonga Over Fake Legal Letters Bullying Debtors

The Huffington Post UK | Asa Bennett | Posted 27.06.2014 | UK Politics

Wonga could face a criminal investigation after it emerged that the payday loans giant had sent "thuggish" legal letters from fake law firms to threat...

Wonga To Pay Millions For 'Unfair' Hassling Of Customers

The Huffington Post UK | Asa Bennett | Posted 25.06.2014 | UK Politics

Controversial payday loans giant Wonga will have to pay around 45,000 customers more than £2.6 million in compensation for "unfair and misleading deb...

Wonga Ad Banned Over Interest Rate Information

The Huffington Post UK | Posted 09.04.2014 | UK

A Wonga advert has been banned for implying that the representative APR of 5853% was "irrelevant". The television ad for the payday loans company f...

Welcome To The United Kingdom of Wonga..

Karl Davis | Posted 21.04.2014 | UK Politics
Karl Davis

It's almost as hard to escape the many 'payday loan' advertisements that flood virtually every advert break in the TV schedule these days as it is to access any strand of public service that hasn't been flogged off to the private sector.

Church Investments 'Will Never Be Pure'

The Huffington Post UK | Jessica Elgot | Posted 10.02.2014 | UK

Ethical advisors to the Church of England have warned that the CofE's investment portfolio "will never be pure", and advised that some "ethical ambigu...

Nationalising Wonga

Ben G. Jones | Posted 20.03.2014 | UK Universities & Education
Ben G. Jones

If ever there is a company representing the most abhorrent and vile aspects of modern Britain, Wonga is surely it. Today, I make the case for taking the fight to payday loans companies which represent the financial sector at its very worst. The time has come, I argue, for a state-run alternative to Wonga.

Are Payday Lenders 'Exploiting' Borrowers?

The Huffington Post/PA | Posted 25.01.2014 | UK

Payday lenders have been accused by Which? of "exploiting" borrowers who default on loans with over-the-top fees that raise the risk of them tipping i...

Church Of England Still Has £80,000 Stake In Wonga

The Huffington Post UK | Asa Bennett | Posted 31.12.2013 | UK Politics

The Church of England has failed to dump its £80,000 stake in Wonga, five months after it was revealed to be indirectly investing in the payday giant...

We Will Limit Cost Of Payday Loans, Treasury Pledges

The Huffington Post UK | Jessica Elgot | Posted 25.11.2013 | UK

The Government is to announce it will cap the cost of payday loans, after damning new statistics showed more than 60% are offered without proper check...

Wonga Offers Schoolboy £400 Loan With 5853% Interest

The Huffington Post UK | Posted 23.01.2014 | UK

Wonga has reportedly offered a £400 loan to a 13-year-old boy, which would take him the best part of 100 years to pay off. Dundee schoolboy Drew D...

The Rise of Payday Loans on Campus

Hannah Stubbs | Posted 23.01.2014 | UK Universities & Education
Hannah Stubbs

Cash-strapped. Stingy. Penny-pinching. Just some of the most common labels pasted onto students. With monikers like these it's no wonder that we have always turned to alternative forms of income to see us through until the end of term

Austerity Britain 'To Continue Till 2030'

The Huffington Post UK | Asa Bennett | Posted 07.11.2013 | UK Politics

British families will continue to feel the austerity squeeze until 2030, over a decade longer than previously expected, a stark report by PwC has warn...

Payday Lending Must Not Become a Permanent Fixture of British Life

Ann McKechin | Posted 07.11.2013 | UK Politics
Ann McKechin

With Christmas just around the corner, it's that time of year when statistics emerge to tell us how many people will fund their annual festivities with some form of short-term credit. This year, the Government-backed Money Advice Service has said that over a million people are considering using a payday loan to fund Christmas; a worrying indication of how deeply ingrained this form of high-cost credit has become in British life.