Wonga to pay redress for unfair debt collection practices – FCA - £2.6m to 45k custs

[meellis]

Re: Wonga to pay redress for unfair debt collection practices – FCA - £2.6m to 45k cu

My blood is beginning to boil after seeing some of the reporting. Everybody seems to be pushing the blackmail and intimidation side of this. If the truth was known the idea for these fake letters was probably bourne from the feeling of "why do I need to pay a legal firm £40 for this letter when I can set up a template on my computer to print one and have the £40 for myself, in fact I can still charge the £40 so I will make £40 for doing so". The intimidation angle was probably a secondary thought that maybe the legal department saw. Lets not dress this up as one thing when it really is a few things and the inancial gain made would surely be the point that throws it more into the general fraud category,

[andrew1]

Re: Wonga to pay redress for unfair debt collection practices – FCA - £2.6m to 45k cu

That letter from Barker & Lowe chasing for Wonga has a Wonga.com t/a barker & Lowe....

Paul Lewis was just on Breakfast BBC and mentioned a number of criminal offences but did not mention whether the name was on Wonga.com's CCA Licence....needs to be checked as that would also be a Criminal Offence.

A1

[Amethyst]

Re: Wonga to pay redress for unfair debt collection practices – FCA - £2.6m to 45k cu

bit crap but can just read it....

[Amethyst]

Re: Wonga to pay redress for unfair debt collection practices – FCA - £2.6m to 45k cu

First thing that jumps out is that £50 should be a REFUND not compensation !

Compensation should be for the additional stress caused and would be a flat rate compensation paid now, on which basis I was okay with the £50.

However this is a fee added to the account of £50 in 2010 - so should be refunded, plus all interest that fee attracted (contractual interest!), plus 8% simple stat interest per annum.

and that refund should be as well as compensation.


They don't say solicitors, but they use words like instructed and our client etc which is a clear effort to intimate they are solicitors.

(I missed BBC breakfast so sorryif I'm just repeating what was said on there)

[enaid]

Re: Wonga to pay redress for unfair debt collection practices – FCA - £2.6m to 45k cu

lost the plot lol

[Amethyst]

Re: Wonga to pay redress for unfair debt collection practices – FCA - £2.6m to 45k cu

I think DG might fall into the same category...

This firm is the practising name of solicitors employed by the HSBC Group








But BOS doesn't because it is a legal entity in its own right.... just owned by BOS (lol)



Blair Oliver & Scott Ltd is a wholly owned subsidary of Bank of Scotland Plc

[Amethyst]

Re: Wonga to pay redress for unfair debt collection practices – FCA - £2.6m to 45k cu

And Hamptons / Red Debt / Lowell do make it very clear they are departments of the same company ?

[Nibbler]

Re: Wonga to pay redress for unfair debt collection practices – FCA - £2.6m to 45k cu

And Hamptons / Red Debt / Lowell do make it very clear they are departments of the same company ?

Not so much in this one. Apart from the very small print at the bottom.

The tone and content is designed to make the not clued up think it is a law firm.

Even have an email address of @hamptons.co.uk

[Latch Key Kid]

Re: Wonga to pay redress for unfair debt collection practices – FCA - £2.6m to 45k cu

Hi

Interesting thread

I had to laugh when a lady rep from Wonga was interviewed on the TV a few days ago

Stomach churning stuff

Typical evasive rubbish

LKK

[Amethyst]

Re: Wonga to pay redress for unfair debt collection practices – FCA - £2.6m to 45k cu

Also Smith Lawson Company for Student Loans Company

definately a trading as.... don't know if it was a legal entity

[Nibbler]

Re: Wonga to pay redress for unfair debt collection practices – FCA - £2.6m to 45k cu

Also Smith Lawson Company for Student Loans Company

definately a trading as.... don't know if it was a legal entity

That is one I want to check out.

references to "our client" and "have been instructed by"

[Amethyst]

Re: Wonga to pay redress for unfair debt collection practices – FCA - £2.6m to 45k cu

Not so much in this one. Apart from the very small print at the bottom.

The tone and content is designed to make the not clued up think it is a law firm.

Even have an email address of @hamptons.co.uk

ahem yes that's definitely misleading

[Amethyst]

Re: Wonga to pay redress for unfair debt collection practices – FCA - £2.6m to 45k cu

I've tweeted a few ....

[Nibbler]

Re: Wonga to pay redress for unfair debt collection practices – FCA - £2.6m to 45k cu

PL tweeted a higher res image now.

https://twitter.com/paullewismoney/s...238208/photo/1

[Amethyst]

Re: Wonga to pay redress for unfair debt collection practices – FCA - £2.6m to 45k cu

lol, except its smaller