The Collapse of Wonga: What Happened and What to Expect
Wonga, the UK-based payday loan company, has stopped issuing loans and entered administration in August 2018. The company's collapse followed a surge in compensation claims amid a government clampdown. Wonga's customers have been left in limbo, with many struggling to get information and contact the company. Here is what happened and what to expect. The Woes of Wonga Users Wonga's customers have faced a range of issues, from difficulties in contacting the company to problems with their accounts. Many customers have complained about the lack of information and support from Wonga. Some have reported that they cannot access their accounts or have been charged incorrect amounts. Others have struggled to get in touch with Wonga's customer service team. The Chronology of the Collapse of Wonga Wonga was founded in 2006…
