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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 very nearly 400,000 consumers whom claim they certainly were mis-sold their loans.

However it appears probably those clients will simply get a small fraction of the cash they truly are owed since the payday giant has collapsed beneath the fat of claims and gone into administration, despite a money injection of ВЈ10 million by investors.

Struggling to spend

With all the company not able to spend, numerous claims had been called towards the Financial Ombudsman provider (FOS) due to their adjudication and Wonga stated the extra charges charged for FOS investigations could never be met together with any payment owed.