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Wonga debt that is chased fake law offices, says FCA

Payday loan provider Wonga need to pay Р’Р€2.6m in compensation after delivering letters from non-existent law offices to clients in arrears.

The letters threatened appropriate action, nevertheless the law offices had been false. In a few instances Wonga included costs for those letters to clients’ records.

The town watchdog, the Financial Conduct Authority (FCA), stated 45,000 clients could be paid.

Wonga has said and apologised the strategy finished almost four years back.

The town regulator has told the BBC it offers delivered a file into the authorities. Continue reading