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Money Shop owner to pay staggering £15 million in refunds

One of the UK's major payday lenders is to refund £15.4m to 147,000 customers - many of whom were given loans they could not afford...

Wonga avoids criminal charges over misleading Debt Collection

The UK's largest 'payday' lender Wonga, has suprisingly avoided criminal prosecution over its 'unfair and misleading' debt collection practices. A full scale investigation conducted by the Office of Fair...

Payday loans lender halts Debt Collection activity

Controversial payday loans firm Wonga has written off a total of £220m of debt owing from 330,000 customers after admitting making loans to people who were...

Wonga faces Police investigation over false Debt Collection scam

Further to this weeks earlier revelations, shamed payday firm Wonga, which presents itself as the “straight talking” short term loans company may now face...

Wonga to pay £2.6m compensation for Debt Collection shame

The UK's best known pay day lender 'Wonga' has been ordered to pay over £2.6m in compensation after it was found to have sent...

Former Director of Stepchange Debt Charity joins Wonga

In a bizarre twist of events, former anti-payday loans campaigner and Stepchange Director Delroy Corinaldi has joined Wonga as their new head of Public...

Church of England warns Payday Loans lender

The Archbishop of Canterbury has warned the online lender Wonga that the Church of England plans to force it out of business

Wonga threatens customers with Debt Collectors

Payday loan company Wonga.com, which charges annual interest rates of up to 4,200 per cent, yesterday warned it plans to start using debt collectors

Wonga debt collection methods criticised by OFT

High-profile money lending firm Wonga has been criticised by the Office of Fair Trading for using aggressive and misleading debt collection methods.