The FCA announced on 26 February 2019 that Curo Transatlantic Limited (CTL) enters administration with Pre-Pack Sale. CTL owns two brands: Wageday Advance (WDA), a mid-size payday lender, and Juo Loans, a small guarantor loan brand. It also owned Speedy Cash, which ceased trading a while ago. KPMG has been appointed as administrators. They have said: CTL was subject to a significant number … [Read more...]
Wageday Advance – website down as FCA decision looms
Update: on 26 February the FCA announced that Wageday Advance has gone into administration. See Wageday Advance (WDA) goes under – pre pack sale to Morses Club for details. The UK payday lender Wageday Advance (WDA) is currently not lending, as its website has been down for at least three days as of 22/02/19. It is blaming technical problems: We're experiencing some technical issues with … [Read more...]
Wageday Advance proposes cutting the refunds it pays
Update: on 26 February the FCA announced that Wageday Advance has gone into administration. See Wageday Advance (WDA) goes under – pre pack sale to Morses Club for details. Curo, the American parent of payday lender Wageday Advance (WDA), is in talks with the FCA about a Scheme of Arrangement (SOA) for its redress liabilities in the UK. See Curo's statement in its end of year … [Read more...]
Wageday Advance – delaying complaints and in financial trouble?
Update: on 26 February the FCA announced that Wageday Advance has gone into administration. See Wageday Advance (WDA) goes under – pre pack sale to Morses Club for details. Wageday Advance (WDA) is not giving its customer a Final Response to complaints within eight weeks. At the end of the eight weeks it is telling customers it needs another eight weeks to consider their … [Read more...]