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Wonga collapse will leave Britain’s other payday lenders in firing line

LONDON (Reuters) – The collapse of Britain’s biggest payday loan provider Wonga will probably turn the heat up on its competitors amid a rise in grievances by clients and telephone telephone calls by some politicians for tighter legislation. Britain’s poster youngster of short-term, high-interest loans collapsed into administration on Thursday, just months after increasing 10 million pounds ($13 million) to simply help it deal with a rise in payment claims. Continuer la lecture