Post ID 59769

Are pay day loans the brand new PPI?Wonga’s present collapse into management

Wonga’s collapse that is recent management happens to be blamed for a razor- razor- sharp increase in cash advance claims, causing concern for a lot of cash advance businesses.

CashEuroNet UK is currently the biggest pay day loan company in the united states, lending beneath the brands QuickQuid and weight to Pocket. Into the very first 1 / 2 of the year, it reported investing more income on payment claims than it built in profits. (more…)