LONDON (Reuters) – The collapse of Britain’s biggest payday loan provider Wonga probably will turn within the temperature on its competitors amid a surge in grievances by clients and phone phone calls by some politicians for tighter legislation. Britain’s poster kid of short-term, high-interest loans collapsed into administration on Thursday, just months after increasing 10 million pounds ($13 million) to simply help it handle an boost in settlement claims.

Wonga stated the surge in claims had been driven by alleged claims administration organizations, organizations which help consumers win payment from organizations. Wonga had been already struggling following a introduction by regulators in 2015 of the limit regarding the interest it as well as others in the market could charge on loans.

Allegiant Finance Services, a claims management business dedicated to payday lending, has seen a rise in company in past times two months as a result of news reports about Wonga’s economic woes, its handling manager, Jemma Marshall, told Reuters.

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