Wonga to pay customers £2.6m compensation

Wonga will pay the compensation to 45,000 customers. Pic: comp
Wonga will pay the compensation to 45,000 customers. Pic: comp
6
Have your say

Payday lender Wonga is to pay more than £2.6 million in compensation to around 45,000 customers for “unfair and misleading debt collection practices”, the City regulator has announced.

The UK’s biggest payday lender was found to have sent letters to customers in arrears from non-existent law firms threatening legal action, the Financial Conduct Authority (FCA) said.

In some cases, Wonga added charges to customers’ accounts to cover administration fees for sending the letters.