No rips shed as payday lender Wonga teeters on management brink

No rips shed as payday lender Wonga teeters on management brink

London Briefing: Notorious firm terrified debtors with 5,000% prices and fake threats

Whenever business goes under, or perhaps is teetering in the brink, news of its plight is normally greeted with genuine sympathy for the workers, along side nostalgic recollections of the way the company was previously with its heyday.

However if that ongoing business is Wonga. Reports associated with the impending collapse regarding the payday that is notorious, which fleeced and frightened its susceptible and hopeless clients through the entire economic crisis, were greeted with undisguised glee on social media marketing.

Although Wonga happens to be forced to clean its act up in modern times after an outcry over its financing methods, it stays perhaps one of the most hated organizations into the Britain. Continue reading