Wonga requires you have to have a decent credit record and not be in debt. For a flat fee of £25 plus one percent interest a month (a 13.8% APR), you can get a first loan up of to £200.

Wonga, the payday lender which was once one of Britain's fastest-growing consumer finance companies, is on the brink of collapse this weekend following a deluge of customer compensation claims.

Update: That’s it for Wonga’s UK business.The beleaguered payday loans company has just confirmed it’s gone into administration. Although it says its overseas businesses are continuing to ...

Wonga enjoyed a meteoric rise to fame. The company achieved £300 million of revenue in 2012, just six years after it was founded. Managing growth of this ...

Wonga used powerful advertising and hi-tech tools to flog a debt that, for the vast majority of its customers, was hideously over-expensive and unhelpful. "It made it too easy – some even told ...

Payday loan firm Wonga has suffered a data breach affecting up to 245,000 customers in the U.K. A further 25,000 customers in Poland may also be affected, according to the BBC.

After months of difficulties, payday loans platform Wonga has gone into administration. The company, which provided loans with interest rates of up to 5800 per cent, crashed after it struggled to ...

While claims for mis-sold Wonga loans are no longer being accepted, if you've been mis-sold a payday loan from another firm you could be owed £100s or £1,000s back. See our Reclaim payday loans for ...

Wonga gave people easy access to high-cost credit. Nick Ansell/PA Archive/PA Images. High-cost credit in all its different forms (payday loans, home-collected credit, rent-to-buy, log-book loans ...

Until more details are known, Wonga is contacting all those who may have been affected by the breach, which is about 245,000 people in the UK and 25,000 in Poland, according to the BBC.