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Chris Laverty, Daniel Smith and Andrew Charters of Grant Thornton UK LLP were appointed as joint administrators of Wonga Group Limited (in administration), WDFC UK Limited (in administration), Wonga Worldwide Limited (in administration) and WDFC Services Limited (in administration) on 31 August 2018.

The companies traded at Wonga.com in the UK and provided lending services to the UK consumer market. Despite efforts to restructure the business, which included an injection of funding by the Group’s shareholders the business was unable to be restored to profitability due to the level of redress claims. As a result, the management team had no alternative but to place the above companies into administration.

Following the appointment of Administrators there will be no new lending activity. The Administrators will conduct an orderly wind down of the business and sale of the assets and start the process of identifying all creditors, in accordance with their statutory obligations. The Administrators will continue to work closely with the Financial Conduct Authority (FCA) as the administration process progresses, supporting customers where possible during this period.

All outstanding loans remain subject to the terms agreed with Wonga and customers should continue to make payments in the usual way. Those customers with redress claims should continue to approach the company in administration. These claims will then be assessed and if valid dealt with as unsecured creditors of the administration estate.

The overseas subsidiaries continue to trade as usual.

Further information can be found here.


Latest Press Release (11th September 2018): Statement from the Joint Administrators of WDFC UK Limited in respect of complaints.

3 month Flexi Loan

We can send 3 month Flexi Loans from £150 - £500 within 5 minutes of approval.

Representative example

Borrow£300 over 3 months
Interest rate292% pa (fixed)
Two repayments of£143.85
One final repayment of£143.81
Total amount payable£431.51
Representative1,311% APR

If you don't repay on time there will be extra costs:

Missed payment fee

£15.00

Charged at 11pm on the third day after your repayment date. We'll only charge you one missed payment fee per loan

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Why choose Wonga 3 month Flexi Loan?

Representative 1,311%APR How it works

Choose when to repay

You set when you want to repay. We'll take repayment from your debit card automatically

Simple online application

You apply online - no paperwork or phone calls – and get an onscreen decision

Total transparency

See all the costs up front before you apply, including what happens if things go wrong

Which Wonga loan?

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3 month Flexi Loan

3 monthly instalments

Lets you spread repayments over 3 months

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Short Term Loan

One off repayment

Our Short Term Loan could help you if you have an unexpected expense

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