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Posted On February 5, 2021 In Investigation With 27 Views

Up-date: Church of England guidelines out bid for unsuccessful pay day loan business. Church leaders came across charitable fundamentals as well as other investors this week to go over a possible buyout.

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Up-date: Church of England guidelines out bid for unsuccessful pay day loan business. Church leaders came across charitable fundamentals as well as other investors this week to go over a possible buyout.

The Church of England has eliminated purchasing the loan book of unsuccessful UK payday lender Wonga to be able to protect borrowers.

Wonga – which made short-term loans at high interest levels, becoming the UK’s biggest payday lender – went into management final thirty days, following lots and lots of payment claims from clients and tougher federal government guidelines when it comes to sector. (more…)

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