OpenWonga

News and views

As one of the most high-profile businesses in the finance sector, we attract a broad range of views on what we do. Here's our factual take on some of the hot topics involving Wonga.

Wonga announces major customer forbearance programme and strengthens affordability checks to ensure sustainable lending

Wonga Group today announces significant changes to its UK consumer loans business, Wonga.com, including:

• A major customer forbearance programme

• A strengthening of the lending criteria for Wonga.com to address issues of affordability and repeat borrowing

• The move to a new lending decision engine to ensure Wonga lends sustainably and delivers appropriate outcomes for customers

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Response by Editor Published:

Wonga Group full year results for the 12 months to December 31 2013

Wonga Group today publishes its 2013 Annual Results, which show that pre-tax profits are down by 53% to £39.7m.

The decline in profits was driven by remediation costs related to historic debt...

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Response by Editor Published: Categories: Wonga Group Annual report

Wonga Group appoints UK Managing Director

Wonga Group is pleased to announce the appointment of Tara Kneafsey as Managing Director of its UK consumer loans business.

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Response by Editor Published: Categories: Tara Kneafsey UK MD Wonga Group

Andy Haste joins Wonga as Chairman

The Board of Wonga is pleased to announce the appointment of Andy Haste as Chairman of the Group. He will join Wonga with immediate effect.

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Response by Editor Published: Categories: Chairman

Wonga says sorry

Following today’s announcement by the FCA, Wonga has apologised to its customers for historical debt collection practices and for separate system errors.

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Response by Editor Published: Categories: Wonga Apology

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Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk