If youвЂ™re among the huge numbers of people that have experienced as a result of pay day loans, you might happen happy to look at news that payday lender Wonga ended up being starting management. A few weeks ago, Wonga ended up being the UKвЂ™s biggest and fastest growing lender that is payday nevertheless the companyвЂ™s luck changed as soon as the Financial Conduct Authority (FCA) imposed strict new guidelines across the number of interest payday loan providers could charge their clients. WhatвЂ™s more, the FCA forced Wonga to pay clients for unjust financing and financial obligation collection techniques. The blend of those a few things turned out to be excessively strain that is financial the business вЂ“ and some times ago, they went into management. The real question is вЂ“ what does this mean in the event that you owe Wonga money?