Shit, that is a massive write-off! Wonga posted a profit of ~£50million last year, so that is around 4 years profit written off. Does that mean Wonga will be going out of business soon?
fingers crossed
At their interest rates, £220,000,000 in customer debt may only be £20,000,000 in actual loans paid out.
@ started
London Fixed Gear and Single-Speed is a community of predominantly fixed gear and single-speed cyclists in and around London, UK.
This site is supported almost exclusively by donations. Please consider donating a small amount regularly.
Shit, that is a massive write-off! Wonga posted a profit of ~£50million last year, so that is around 4 years profit written off. Does that mean Wonga will be going out of business soon?
fingers crossed