19 Feb Elevate payday loans. Wonga is not any more вЂ” but there are still lots of other cash advance companies nowadays.
And complaints are rocketing. The Financial Ombudsman received nearly 11,000 in the first 3 months with this 12 months вЂ” a 251 percent enhance in contrast to equivalent duration just last year.
At some organizations, as much as seven out of ten had been upheld in preference of the client.
Gone: Wonga's OAP puppets. The lender that is payday that has been Britain's biggest, has collapsed into management
Yet cheery promotional initiatives вЂ” such as the jolly OAP puppets employed by Wonga вЂ” continue to lure in susceptible borrowers looking for a loan that is short-term.
And despite a federal government crackdown, which saw interest fees capped at double the original loan, costs are eye-watering.
So who're the Wonga wannabes?
The facial skin of Sunny Loans is just a surfer that is fictional Sonny.
He's a 'super chilled dude' whom never ever stresses because 'he understands that using the right help in their life there's no necessity to worry'.