OpenWonga

Editor

How much of your revenues do you ‘write off’ as bad debt?

The industry-standard method of assessing this is to compare the amount ‘written off’ with the amount of money lent, much like banks and credit cards do.

In our case this figure is 7%, which compares favourably with traditional financial products such as credit cards.

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Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk