By Daniel Hunter

The acting chief executive of payday lender Wonga has stepped down after five months in the job.

Tim Weller who was appointed to bring stability to the company while the board looked for a permanent replacement. He took the job in May after his predecessor Niall Wass quit after just six months.

Mr Weller actually stepped down in October, but his resignation was only disclosed via a regulatory filing released on Thursday.

Andy Haste, who was appointed chairman in July, said he was "taking an even more active role in leading the business".

"Our search for a permanent group CEO is well underway and Tara Kneafsey, our new UK Managing Director, will join us in December," he added.

Wonga has endured a torrid time this year. It has come under huge public and political criticism over its interest rates and the way it treats customers who miss payments.

In June, the payday lender was forced to pay £2.6m in compensation after it sent letters from a non-existent law firm to customers who'd missed payments in an attempt to scare them into paying.

Since then, Wonga has suffered several other set backs, including the banning of its TV adverts which were seen to not make it clear how much would be paid over the full term of the loan and were seven seen to encourage children to pressure their parents to borrow more.

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