Topic filter : Wonga

Most trending topics in Business & Finance ( last 24 hours ):
Luxury Student Stock Market Election Euro Facebook Referendum Housing Market Asking Price Manufacturing Manufacturer Retailer For Sale Energy Bill Conservative Climate Change Pepsi Fraud Apple Uber Inflation Economy Airline Travel London Property FTSE 100 Extortion Share Price Mortgage Stake Living Cost Gold Inequality Merger Investigation Exchange Rate Savings Pound Holiday Nuclear Refund

Socially Most Trending News

. The payday loan firm Wonga has suffered a data breach which may have affected up to 245,000 customers in the UK. ... [Read full article on BBC ]
Sunday 9th of April 2017 02:20:23 PM
Total Trend count
942
Most trending on :
845 55 38 4
. More than a quarter of a million customers of payday loan firm Wonga are being warned that their personal data may have been stolen in a data breach at the firm. ... [Read full article on Guardian ]
Sunday 9th of April 2017 11:33:39 AM
Total Trend count
176
Most trending on :
161 14 1
....Student loan interest rate set to rise by a third after UK inflation surge. Wonga data breach could affect nearly 250,000 UK customers. ... [Read full article on Guardian ]
Wednesday 12th of April 2017 02:07:41 PM
Total Trend count
3
Most trending on :
2 1

Latest Finance News related to Wonga

Expert help for gardens on a budget, plus the older expats facing poverty image
Source : Guardian [Read Article] Wednesday 12th of April 2017 02:07:41 PM
....Student loan interest rate set to rise by a third after UK inflation surge. Wonga data breach could affect nearly 250,000 UK customers. ...
Wonga data breach 'affects 245,000 UK customers' image
Source : BBC [Read Article] Sunday 9th of April 2017 02:20:23 PM
. The payday loan firm Wonga has suffered a data breach which may have affected up to 245,000 customers in the UK. ...
Wonga data breach could affect nearly 250,000 UK customers image
Source : Guardian [Read Article] Sunday 9th of April 2017 11:33:39 AM
Wonga admits double-charging customers image
Source : BBC [Read Article] Monday 3rd of October 2016 11:31:53 AM
. The UK's biggest payday lender - Wonga - has admitted that it double-charged 7,000 customers for their loans on Friday. ...
Street UK short-term lender expands to London and Manchester image
Source : BBC [Read Article] Tuesday 27th of September 2016 11:44:57 PM
....65. That compares with a fee of £100 for a Wonga flexi-loan. ...
Payday firm CFO Lending forced to repay £35m to borrowers image
Source : BBC [Read Article] Monday 19th of September 2016 11:12:22 AM
....". Two years ago the most high-profile firm in the payday lending business, Wonga, was forced to write off £220m of debts for 330,000 customers, and told to pay £2. ...
Financial Ombudsman still receiving thousands of PPI complaints image
Source : Guardian [Read Article] Tuesday 6th of September 2016 11:56:28 AM
....There was an 8% increase in complaints other than PPI to 77,751, led by a surge in cases involving payday lending. WDFC, the parent group of Wonga, was the subject of 821 complaints, up from 361 in the same period of 2015, while Instant Cash Loans received 285 complaints. ...
Watchdog demands banking overhaul to save customers money image
Source : Guardian [Read Article] Tuesday 9th of August 2016 06:48:30 AM
....2bn a year the banks make from unarranged overdraft charges, as customers with overdrafts find it more difficult to change accounts. Banks will be required to send alerts to customers going into the red and set a monthly cap on such charges, which some campaigners argue are higher than those levied by payday lenders such as Wonga. ...
It’s borrower beware when it comes to student loans image
Source : Guardian [Read Article] Saturday 16th of July 2016 05:59:03 AM
.... It says on its website that its mission “is to enable our customers to invest in their futures by delivering secure, accurate and efficient assessment, payment and repayment services”. In July 2014 it was accused of using controversial tactics akin to those of payday loan company Wonga after the Daily Mail revealed it had been sending out letters from what appeared to be an independent debt collection agency called Smith Lawson & Company. ...
Unplanned overdraft fees 'four times costlier than payday loans' image
Source : Guardian [Read Article] Saturday 9th of July 2016 06:00:09 AM
....The organisation said its findings showed that regulators needed to crack down on “punitive” unauthorised overdraft charges that were causing harm to vulnerable customers. Which? suggested that unauthorised overdrafts were now more expensive than payday loans, which are notorious for their high interest rates: Wonga charges a representative APR of 1,509%. ...
The 10 questions Dominic Chappell must answer over the BHS collapse image
Source : Guardian [Read Article] Saturday 4th of June 2016 03:00:13 PM
.... Ace then bought a BHS office building next to its headquarters, called North West House, and sold it for a profit just weeks later. Ace also lent to BHS at such a fierce interest rate that it was known by the retailer’s management as the “Wonga” loan. ...
Doubt cast over future of Wonga  image
Source : Daily Express [Read Article] Sunday 29th of May 2016 03:36:00 PM
....The firm’s directors and auditors say that because of the controversial lender’s heavy losses, regulatory crackdowns slashing its revenues and the cost of developing a new business model and products, there is a “material uncertainty that may cast significant doubt on the ability of the group and company to continue as a going concern”. Last year Wonga’s pre-tax losses more than doubled to £80. ...
Property investors profited from backing BHS buyer Dominic Chappell image
.... Allied Commercial Exporters (ACE) then went on to make millions from a series of real estate deals with the department store chain. ACE, which is run by Guy and Alexander Dellal, the son and grandson of property investor “Black Jack” Dellal, backed Chappell’s takeover with the consortium Retail Acquisitions before buying an office block from BHS and loaning the retailer money at such a fierce interest rate that it was known by management as the “Wonga” loan. ...
Revealed: none of Britain's 'unicorns' openly support Brexit image
Source : Guardian [Read Article] Monday 16th of May 2016 06:00:28 AM
....Valuing pre-IPO companies can be tricky, and the definition of a unicorn organisation is often contested. The Guardian started with a list of Britain’s 16 unicorns compiled by the investment banking firm GP Bullhound in June 2015, and then removed Powa, which went into administration in February 2016, and Wonga, which has shrunk since its peak in 2012 when it was valued at just over £1bn. ...
Two cheers for Google’s ban on payday loan ads image
Source : Guardian [Read Article] Saturday 14th of May 2016 06:01:29 AM
. Successive British governments refused to cap super-high interest rates, which is how we allowed Wonga to charge its poor borrowers up to 5,853%. ...
'Dangerous' payday loans join guns and drugs on Google's banned ad list image
Source : Guardian [Read Article] Wednesday 11th of May 2016 05:17:26 PM
.... Problems experienced by some people in meeting payments have provoked concerns both in the US and the UK. Related: Wonga losses more than double. ...
City News: Wonga, Sportech, Shell, Barclays image
Source : Daily Express [Read Article] Wednesday 4th of May 2016 11:14:00 PM
....3million. Chairman Andy Haste said a recent £24million debt funding and new product roll-outs should lift Wonga back into growth this year and into profit in 2017. ...
Kipper Williams on Wonga’s woes image
Source : Guardian [Read Article] Wednesday 4th of May 2016 06:13:19 PM
...
Related to :
Wonga losses more than double image
Source : Guardian [Read Article] Wednesday 4th of May 2016 07:56:56 AM
. The controversial lender Wonga saw losses more than double in 2015 as tougher regulation of the payday loan sector led to a sharp fall in the number of loans taken out by UK consumers. ...
Wonga losses more than double image
Source : Guardian [Read Article] Wednesday 4th of May 2016 07:56:56 AM
. The controversial lender Wonga saw losses more than double in 2015 as tougher regulation of the payday loan sector led to a sharp fall in the number of loans taken out by UK consumers. ...
Wonga's losses expected to double to £70m for 2015 image
Source : Guardian [Read Article] Tuesday 3rd of May 2016 07:02:19 PM
. Wonga’s losses are expected to almost double after a slump in revenues at the payday lender following price caps imposed by the City regulator. ...
The vital role of credit unions in providing access to low-cost finance image
Source : Guardian [Read Article] Wednesday 16th of March 2016 09:45:16 AM
....The sector also needs to match the quick and easy, hi-tech offerings of other lenders, he added. “In 2016, if you’re not able to offer people a Wonga-like experience of borrowing money, then you are going to be missing a whole part of society that lives their lives on their smartphones. ...
Top 10 exam rituals of stressed students image
Source : BBC [Read Article] Wednesday 2nd of March 2016 12:11:48 AM
.... He is the arbitrary being that decides our grades," Dylan Lee Soon Yoong explains. In the month before exams, I do wash my hair properly but I do not dare to get a hair cut! Wongani, Malawi. ...
Customers await payday loan refunds image
Source : BBC [Read Article] Monday 15th of February 2016 12:23:06 AM
....Mr Howard said the compensation agreement was "a line in the sand" for the company. The compensation by Dollar UK comes after lender Wonga said in October 2014 that it was writing off £220m of debts for 330,000 customers, and - in July last year - lender Cash Genie was faced with a £20m compensation bill after charging customers £50 to transfer them to the firm's debt collection business. ...
Payday lenders 'hit by changing views' image
Source : BBC [Read Article] Tuesday 9th of February 2016 12:12:06 PM
....The report highlighted that payday lending had fallen by 68% from 2013. In 2013, the Archbishop of Canterbury told online lender Wonga that the Church would try to force it out of business by helping credit unions. ...
QuickQuid lender wins watchdog's stamp of approval image
Source : Telegraph [Read Article] Sunday 31st of January 2016 06:16:16 PM
.... . Wonga, the UK’s biggest short-term lender, won full permission in mid-January after several years of talks with the watchdog. ...
From GoPro to oh no! Investors reeling from stock price plunge image
Source : Guardian [Read Article] Friday 15th of January 2016 06:28:01 PM
....For others, the extreme market reaction to problems in the delivery of one product is a very good reason to remain in the private sector and not float. Suranga Chandratillake, a partner at Balderton, an investor in companies such as Betfair, Wonga and The Hut, said the huge share price reaction was down to one product not working out as expected: “While that is not a good thing, the reaction seems extreme and is typical of public markets – extreme enthusiasm/pessimism around technology companies. ...
Wonga hires former head of responsible banking at Lloyds image
Source : Telegraph [Read Article] Monday 7th of December 2015 12:44:33 PM
. Wonga has made a fresh attempt to guard against poor behaviour by bringing in the former head of responsible business and community affairs from Lloyds Banking Group to its board. ...
Purplebricks becomes first online estate agent to list in London image
Source : Telegraph [Read Article] Thursday 3rd of December 2015 01:05:48 PM
.... . Backed by Neil Woodford, the high-profile fund manager, and Wonga founder Errol Damelin, Purplebricks has raised £58. ...
Purplebricks float expected to value online estate agent at £240m image
Source : Guardian [Read Article] Thursday 3rd of December 2015 12:42:14 PM
....7%. Other investors include Paul Pindar, the retired chief executive of outsourcing group Capita, and Errol Damelin, the founder of payday lender Wonga. ...
Payday credit checking firm pulls out of the UK image
Source : Telegraph [Read Article] Monday 16th of November 2015 08:00:42 PM
.... . Large lenders including Wonga and the Money Shop have scaled back their operations and launched three- and six-month loans in response to the cap, with extra impetus provided by a series of fines for poor affordability checks. ...
Purplebricks could be valued at £250m in 'December float' image
Source : Telegraph [Read Article] Thursday 12th of November 2015 10:24:03 PM
.... . Fellow shareholders include Paul Pindar, the former chief executive of outsourcing giant Capita, and Errol Damelin, founder of the payday lender Wonga. ...
Compensation for 4,000 customers who were lent too much by QuickQuid and Pounds to Pocket image
.... . Wonga, the biggest payday lender, has scaled back this year  Photo: GETTY IMAGES. ...
QuickQuid owner to write off unaffordable loans image
Source : Guardian [Read Article] Wednesday 4th of November 2015 12:07:50 PM
....The regulator’s investigations have so far unearthed problems with thousands of short-term high-cost loans granted by the biggest operators in the sector. In October 2014, the UKs biggest payday lender, Wonga, was forced to write off 330,000 loans and to compensate 45,000 other customers. ...
Wonga hires serious director in bid to show it is growing up image
Source : Telegraph [Read Article] Monday 2nd of November 2015 07:31:16 PM
. Wonga has to do more than just scrap the comedy puppet adverts if it wants to prove it is a serious, responsible company. ...
The Money Shop forced to refund £15m to customers after financial watchdog investigation image
....It marks the latest in a series of clampdowns on the payday loan industry. Last October, Wonga was forced to write off £220million worth of customer debt, while Cash Genie was slapped with a £20million compensation bill in July. ...
Payday lender Dollar Financial to pay £15m in compensation image
Source : Telegraph [Read Article] Monday 26th of October 2015 05:20:29 PM
....” . The industry came under pressure from politicians and regulators after the rapid rise of online payday lenders such as Wonga  Photo: GETTY IMAGES. ...
Dollar Financial ordered to repay £15.4m to customers image
Source : Guardian [Read Article] Monday 26th of October 2015 01:15:07 PM
....But the Financial Conduct Authority has ordered the company to make cash refunds or reduce balances owed after it found many borrowers were in no position to repay the money and should not have been given the loans. It comes one year after Wonga was forced to write off £220m of loans to 375,000 borrowers who it admitted should never have been given loans. ...
Money Shop owner to pay £15m in refunds image
Source : BBC [Read Article] Monday 26th of October 2015 12:23:10 PM
....It is the third-biggest repayment by a payday lender in recent years. This follows FCA-led investigations by Wonga and Cash Genie. ...
Are we returning to the age of the municipality? image
Source : Guardian [Read Article] Saturday 26th of September 2015 06:00:04 AM
.... What’s not to like about not-for-profit public/private partnerships keeping prices low rather than padding out the profits of the mostly foreign operators (such as RWE, Ibedrola and Electricité de France) that have snapped up UK utilities? Robin Hood Energy, owned by Nottingham city council, has gone further, creating a business where it is the administrator and supplier, with no third party involved. Meanwhile, we reported earlier this year how Sheffield city council has launched its own financial brand as a not-for-profit to fight the likes of Wonga. ...
Teenager killed himself hours after Wonga cleared out his account image
Source : Guardian [Read Article] Friday 25th of September 2015 03:56:18 PM
. A disabled teenager killed himself on the same day that the payday loans company Wonga cleared out his bank account, it has been revealed. ...
Call for payday loans overhaul after teenager killed himself on the day Wonga emptied his bank account image
. A coroner has called for an overhaul of the rules on payday loans after a mentally ill teenager killed himself on the same day that lender Wonga emptied his bank account, leaving him destitute. ...
Wonga and QuickQuid under the microscope at City watchdog image
Source : Telegraph [Read Article] Monday 14th of September 2015 04:35:50 PM
. High-profile payday lenders Wonga and QuickQuid are among a group of loan firms and debt management businesses facing extra scrutiny from regulators before they are given the all-clear on their new licences to operate. ...
Uber executive joins London venture capital firm Balderton image
Source : Telegraph [Read Article] Thursday 10th of September 2015 04:30:14 AM
.... The Kings Cross-based firm manages $2. 3bn and its current portfolio boasts the transport app CityMapper, crowdfunding website CrowdCube, digital music company Kobalt, investment management tool Nutmeg, payday lender Wonga and Yoox, the Italian online fashion retailer that recently merged with Net-A-Porter. ...
It’s hard to argue that zero-hours contracts have any benefit for workers image
Source : Independent [Read Article] Wednesday 2nd of September 2015 11:58:15 PM
.... Want to work extra hours this week because your mortgage is due? Can’t help you there. Try Wonga. ...
Cash for old iPhones boosts pawnbroker H&T image
Source : Telegraph [Read Article] Tuesday 18th of August 2015 10:57:15 AM
.... • Gold price fall: there's worse to come . Mr Nichols said the business withdrew from the payday loan market after finding the model employed by Wonga unsustainable. ...
Former RSA chief says a deal with Zurich could put the firm out of its misery image
.... . Mr Mendelsohn was in the job until September 2002, when he departed ahead of a rights issue, and was replaced in 2003 by current Wonga chairman Andy Haste, who led the insurer for eight years until 2011. ...
The bankers – they’ve won again image
Source : Guardian [Read Article] Saturday 8th of August 2015 06:00:12 AM
City council takes the battle to payday lenders – by offering loans of its own image
. The city of Sheffield will, on Monday, launch a range of loans for hard-up residents in a fightback against high-interest deals from Provident Financial, Brighthouse and Wonga. ...
Source : Independent [Read Article] Tuesday 28th of July 2015 01:10:38 AM
....Martin Lewis of moneysavingexpert. com said: “We knew when Wonga had its wrists slapped twice last year after its horrendous practices that it was just the tip of the iceberg. ...
Payday lender Cash Genie faces £20m compensation bill image
Source : Guardian [Read Article] Monday 27th of July 2015 12:28:36 PM
....”. In June 2014, the UK’s biggest payday lender, Wonga, was forced to pay £2. ...
Payday loans customers win back £10m as lender caves in over unfair fees image
.... . The largest firms including Wonga and The Money Shop have altered their business models to offer longer-term loans. ...
Source : Reuters [Read Article] Monday 27th of July 2015 09:19:25 AM
.... [ID:nL6N0PQ1DP]. Wonga, Britain's biggest payday lender, is trying to overhaul its business after running into trouble with the regulator over its interest rates and other practices. ...
Source : Independent [Read Article] Wednesday 22nd of July 2015 12:39:44 AM
.... Sometimes they need a little help to manage unexpected bills. Stepping into the breach are Wonga and its heirs, such as The Money Shop and Payday Express. ...
London-listed lender hit by crackdown in Poland image
Source : Telegraph [Read Article] Monday 13th of July 2015 08:34:47 AM
.... IPF does not lend in Britain, where short-term credit providers have been subject to a price cap since the start of the year. Wonga and other credit firms best known for high-interest payday loans are broadening their products to offer loans over a longer period. ...
Credit unions 'good value for money' but must be easier to access, survey says image
....Credit unions offer savings accounts and loans, typically to people in a small geographical area. Borrowing is normally far cheaper than that available from a commercial lender, and in 2013 the Archbishop of Canterbury said he wanted to compete Wonga out of existence by offering loans through a church credit union. ...
Apple becoming a bank? Don't count on it image
Source : Telegraph [Read Article] Sunday 5th of July 2015 05:35:49 PM
.... What’s more, as soon as these new lenders start to gain any sort of scale, regulators start to become interested. Three years ago, payday lender Wonga (remember them?) was the darling of the UK’s fintech scene, considering a £1. ...
Greek bailout: a payday loan with serious conditions attached image
Source : Guardian [Read Article] Monday 29th of June 2015 12:22:35 PM
....Many of the poor American families who emerged from the credit crisis with impossible-to-pay mortgages received a debt write-off, with their irresponsible lenders bearing the cost. And in the UK more recently, payday lender Wonga was forced to write off a swath of loans that had been made to borrowers without the means to pay. ...
Ignore the advice of Polonius. The truth is that debt can often be a useful thing image
.... And we can all intuitively grasp why that can sometimes be unwise. Borrowing from Wonga at a 1,500 per cent annual interest rate to indulge a taste for Michelin star meals and breaks in the Maldives is clearly not sensible. ...
Source : Independent [Read Article] Saturday 27th of June 2015 01:22:14 AM
.... Recently I met Andy Duncan, who as well as being chief executive of the lottery operator Camelot is the current president of the Advertising Association. His concern is that trust in advertising among consumers is bumping along the bottom, due to aggressive tactics and some unfortunate campaigns like Wonga’s cuddly puppets selling loans with sky-high rates attached. ...
Debt management firms slammed by FCA image
Source : Guardian [Read Article] Thursday 25th of June 2015 09:24:08 AM
....Debt management firms that claim help to those struggling with money problems have been slammed by the City watchdog for offering poor advice and pushing people into costly repayment plans. The Financial Conduct Authority, which has recently switched its attention from payday lenders like Wonga to debt management firms, said many of the companies were “failing Britain’s most vulnerable consumers”. ...
Payday loan complaints nearly halve image
Source : BBC [Read Article] Thursday 11th of June 2015 12:31:42 PM
....While there were up to 400 high-cost short-term lenders registered back then, just 247 applied to the FCA for authorisation in February. Two months ago Wonga - the largest payday lender - reported a 36% fall in the number of loans it was making. ...
Money roundup video: Warning for mortgage borrowers and Premium Bonds boost image
. This week: warning for mortgage borrowers; Premium Bonds boost; pound climbs to seven year high against euro; Wonga's alarm bells. ...
Simon Read: 'Wonga has a way to go before it’s working hard for us' image
Source : Independent [Read Article] Sunday 24th of May 2015 01:20:47 PM
. Britain’s biggest payday lender, Wonga, is trying to reinvent itself. ...
Ryanair’s Marie Antoinette tweet fails to charm Copenhagen image
Source : Guardian [Read Article] Sunday 24th of May 2015 08:05:07 AM
....But sponsorship can be a mixed blessing. Newcastle United, with all their existing problems, probably did not want the extra controversy associated with payday lender Wonga. ...
Brexit: would it mean dancing to our own tune, or being out of step with the world? image
.... If the reality is different, let’s hear a detailed account rather than vague aspiration. Three years ago Wonga, pumping out profits of £62m on turnover of just £309m, proclaimed its borrowers were “young, single, employed, digitally savvy and can pay us back on time”. ...
Watchdog probes payday lender QuickQuid over its British offices image
Source : Telegraph [Read Article] Saturday 23rd of May 2015 06:03:48 PM
.... . No short-term loan can cost more than double the original debt, prompting Wonga, The Money Shop and other sub-prime lenders to explore new products, such as credit cards, for customers unable to borrow elsewhere. ...
Wonga charm offensive is too little, too late image
Source : Independent [Read Article] Wednesday 20th of May 2015 11:49:31 AM
. Britain’s biggest payday lender, Wonga, is trying to reinvent itself. ...
Newcastle United unveil new home kit – with wrong Wonga logo on the front image
. Newcastle’s controversial sponsorship deal with Wonga has made headlines again after the payday lender’s rebrand rendered next season’s replica kits out of date – even before they were unveiled. ...
Source : Reuters [Read Article] Tuesday 19th of May 2015 06:15:16 AM
. Britain's biggest payday lender Wonga will hand customers struggling to pay back debt a three-day grace period before applying default charges, as part of efforts to rebuild its battered image. ...
Wonga pitches for middle England with new and sober image image
Source : Telegraph [Read Article] Tuesday 19th of May 2015 04:00:17 AM
.... A dinner lady, a farmer, a dental nurse, a man who paints football pitches. These are some of the people who Wonga portrays as a typical customer in its first advertising campaign since a string of scandals and a management exodus last year. ...
Wonga's reinvention aim with new ads image
Source : BBC [Read Article] Monday 18th of May 2015 11:11:47 PM
. Short-term lender Wonga has swapped its controversial puppets for "hard-working dinner ladies and mums" as it bids to reinvent itself with new adverts. ...
Wonga relaunch targets 'hard-working people' - 1,509% APR and brand to stay image
. Wonga is bringing in a “money-back guarantee” and has unveiled new TV adverts aimed at a more middle class audience as the payday loans firm attempts to restore its reputation and move upmarket. ...
Money Shop set to overhaul price of its loans after payday crackdown image
Source : Telegraph [Read Article] Saturday 9th of May 2015 06:06:40 PM
.... . Wonga, once the biggest payday lender with a loan book of more than £1bn, is among the firms reviewing its product range as the market shifts. ...
Church of England pulls out of fossil fuels, but where does it invest its cash? image
....7 per cent return in 2013, according to the last data available. Two years ago the Church came under fire because one of its investment portfolios included the payday lender Wonga. ...

Page rendered in 1.7718 seconds.