Wonga вЂ“ once the name that is biggest in British payday lending вЂ“ has kept a legacy of nearly 400,000 consumers whom claim they certainly were mis-sold their loans.
However it appears probably those clients is only going to get a portion of the funds they truly are owed since the payday giant has collapsed underneath 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 had been introduced to your Financial Ombudsman provider (FOS) due to their adjudication and Wonga stated the excess charges charged for FOS investigations could never be met in addition to any compensation owed. Continue reading