Church of England guidelines out bid for unsuccessful pay day loan business

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Church of England guidelines out bid for unsuccessful pay day loan business

Church of England guidelines out bid for unsuccessful pay day loan business

The Church of England has eliminated buying the loan book of unsuccessful UK payday lender Wonga so that you can protect borrowers.

Wonga – which made short-term loans at high interest levels, becoming the UK’s biggest lender that is payday went into management final thirty days, after huge number of payment claims from clients and tougher federal government guidelines for the sector.