Martin Lewis into Wonga plus the pay day loan debacle

Thus predicated on the Money saving Pro Martin Lewis, this needs to be an aftermath-right up need anyone who may have been mis-sold a payday loan – Never Hold off to check on if you find yourself owed ?hundreds or 1,000s, or it can be far too late

The other day, over 350,100 former Wonga consumers, who have been mis-sold payday loans, read they will discovered a paltry 4.3% off whatever they had been owed following business ran into management.

Wonga consumers who had been provided winnings having been mis-marketed its fund, are only providing 4.3p each ?100 owed. Very, anybody due ?2,one hundred thousand becomes merely ?86.

However, if it is tits, you happen to be just one of the brand new loan providers, and also be fortunate locate several pence each pound – as what is taken place that have Wonga people – other people’s which can be currently bust become QuickQuid, Piggy-bank and Wage Big date Progress

We and others enough time campaigned getting pay day loan control, however when it came in 2015, that has been too-late. Read more