Wonga is dead but exploitative lending will only end when we solve the cost of living crisis
Wonga is just one symptom of a broken economic model.
Wonga is just one symptom of a broken economic model.
Despite new regulation, the big lenders will remain.
The infamous Wonga letters have highlighted similar practices by larger companies.
If the regulator had been firmer before then some borrowers might not have been treated unfairly.
Encouraging the FCA to be even more tougher with the industry is of vital importance.
A new report has called payday lending the most harmful type of debt that an individual can obtain.