23 jan Nearly 400,000 claiming for mis-sold Wonga loans

Nearly 400,000 claiming for mis-sold Wonga loans

Wonga – once the name that is biggest in British payday lending – has kept a legacy of nearly 400,000 customers whom claim they certainly were mis-sold their loans.

However it appears probably those clients is only going to receive a portion of the cash these are typically owed since the payday giant has collapsed beneath the fat of claims and gone into management, despite a money injection of ВЈ10 million by investors.

Not able to spend

Because of the company not able to spend, numerous claims were called towards the Financial Ombudsman provider (FOS) with regards to their adjudication and Wonga stated the extra charges charged for FOS investigations could never be met along with any settlement owed.

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