Give Thornton confirmed for administration of pay day loan firm Wonga
Controversial pay time loan provider Wonga has collapsed into management, following a slew of payment claims which rocked the business in modern times. Give Thornton was appointed to oversee the company’s winding down, after it did not secure a deal along with its lenders that are own.
Britain’s employees are put in a susceptible place for years now, with stagnating pay and soaring inflation pressing nearly all residents toward depending on credit to help make ends fulfill.