Wonga is assessing ‘all options regarding the future of the group’. Photograph: David Levene for the Guardian

If payday lender Wonga collapses what will it mean for customers? The Guardian | Scottish Trust Deed Info | Free Debt Help Scotland

If payday lender Wonga collapses what will it mean for customers? Your rights explained over loans and compensation claims as the firm assesses its options Britain’s biggest payday lender, Wonga, is teetering on the brink of collapsefollowing a surge of customer compensation claims in recent weeks that could cause it to call Read more…

Regulator targets high-cost credit deals on consumer goods, loans and overdrafts

Watchdog could introduce price caps on catalogue credit and rent-to-own, similar to those imposed on payday loans. This article was written and taken from – https://www.theguardian.com/business/2016/nov/29/fca-high-cost-credit-catalogue-credit-payday-loans A wide range of high-cost credit – from catalogue loans to overdrafts – is to be reviewed by the Financial Conduct Authority in a Read more…