keggy_keagal
Vital Football Hero
Officially gone bust . Into administration. Good riddance to bad rubbish.
It's not wave goodbye to debt if you still owe them though. The administrators will see to that.
Administration also means that anyone in a compensation claim against them has virtually no chance of seeing any return.
That may be keggy, my point was, if you owe an amount you have to repay. Liquidation does not mean you can renege on that agreement if it happens.Unless I'm mistaken though they can't add interest or charges to the debt .
Wonga were clearly targetting people who were desperate for money, you would have to be desperate to consider paying 1500% interest. The methods used for collecting the debts were disgraceful false lawyer letters and threats to customers so for me good riddance to them.