EXCLUSIVE: The payday lender Wonga is on the brink of appointing administrators following a surge in compensation demands led by claims management firms, and weeks after an emergency £10m capital injection from existing shareholders. https://t.co/W6NfnO5fcA

— Mark Kleinman (@MarkKleinmanSky) August 26, 2018

When reading stories about wonga please remember that high street banks charge more for unarranged overdrafts than wonga does and still get away with it.

Wonga on brink of collapse after customer compensation claims deluge https://t.co/MrN5zFcPt3

— Dominic Lindley (@DominicLindley) August 26, 2018

Maybe social entrepreneurs will come forward who genuinely want to provide a fair deal to the payday poor? Maybe an organisation called a BANK? https://t.co/6CBYhA90ug

— Andrew Adonis (@Andrew_Adonis) August 27, 2018

If Wonga does collapse, its assets should be used to begin building up a new system of banking and lending, backed by government, for families on low incomes, thereby reducing further the need for high cost credit: https://t.co/23TjWAm1bT

— Frank Field (@frankfieldteam) August 27, 2018

Wonga woes won’t end the scourge of high-cost credit https://t.co/0CCre5DwvK

— Finance News (@ftfinancenews) August 30, 2018