Posted onAuthorCharles I. SpencerComments Off on Wonga’s Compensation Claims Quadruple | Wonga
The pile of compensation claims from customers against Wonga has quadrupled to more than 40,000 since the controversial payday lender collapsed, administrators said.
Wonga was placed in administration in August 2018, claiming that he could not financially cope with the more than 10,500 complaints registered with the Financial Ombudsman Service at the time.
There are more than four times as many customer bids that may have been mis-sold, after new complaints from claims handling companies, Administrator Grant Thornton said in a letter to the Treasury Select Committee on Tuesday.
Dave Dunckley, Managing Director of Grant Thornton, wrote that he expected the total number of complaints to increase further when he writes to all of Wonga’s customers to encourage them to claim if they think he is. it is about badly sold loans.
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