Wonga To Write Off Loans…..

Wonga write off the balance of a loan for 330,000 customers who are currently in arrears by more than 30 days.

A further 45,000 customers, who are between zero and 29 days in arrears, will be asked to repay their debt without interest and charges. These borrowers will be given an option of paying off their debt over an extended period of four months.

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