Improvement: Church of England guidelines out bid for unsuccessful pay day loan business

Improvement: Church of England guidelines out bid for unsuccessful pay day loan business

The Church of England has eliminated purchasing the loan book of unsuccessful UK payday lender Wonga so that you can protect borrowers.

Wonga – which made short-term loans at high interest levels, becoming the UK’s biggest lender that is payday went into management last thirty days, following lots and lots of payment claims from clients and tougher federal government rules when it comes to sector. Its assets include that loan guide worth around ВЈ400m (€450m). Continue reading “Improvement: Church of England guidelines out bid for unsuccessful pay day loan business”