WageDay Advance had offered loans to about 800,000 individuals but went into management earlier in the day this current year.
The demise of Wonga, the company folded after being hit by a wave of compensation claims for mis-sold loans in a case that mirrors.
Customers are now actually emails that are receiving explain just how much they owe or are owed.
Nonetheless, now the organization is in management, those people who have paid down loans but are eligible for settlement have grown to be creditors that are unsecured. (more…)