Wonga.com going bust

[Diddums]

Looks like their days are numbered.

Whilst it sucks for those who stand to lose their jobs, I can't help but lovethe sweet, sweet irony of a company which preys on people down on their luck going bust. Good riddance, the whole payday loan ship needs to sink.

https://www.bbc.co.uk/news/uk-45313958

 

[Diddums]

That seems like a bargain.

Anyone fancy giving a tldr as to why they hit the wall? At the rates they were charging and the number of broke people you'd think they'd be riding gold plated unicorns to the bank and back

Government changed laws and everyone put in compo claims which they can't afford.

 

[Diddums]

Good, hopefully the rest follow.