OFT requires Wonga to ensure improved debt collection practices

[Legal Beagles]

The OFT has required Wonga.com Limited and some of its associates to ensure that aspects of their debt collection practices are acceptable.

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[TUTTSI]

Re: OFT requires Wonga to ensure improved debt collection practices

Well done OFT - good move

[Guest]

Re: OFT requires Wonga to ensure improved debt collection practices

I would be happier if they were also looking at their lending practices.

Peter

[Nibbler]

Re: OFT requires Wonga to ensure improved debt collection practices

Or take some action against companies like toothfairy, who make wonga look like saints.

[bluebottle]

Re: OFT requires Wonga to ensure improved debt collection practices

Or take some action against companies like toothfairy, who make wonga look like saints.

Pull their teeth out, one by one, without a local anaesthetic.

[enaid]

Re: OFT requires Wonga to ensure improved debt collection practices

Perhaps they could call their local CAB and ask how money should be collected lol

[messimoo]

Re: OFT requires Wonga to ensure improved debt collection practices

about time too they should all be braught to book.

[Nibbler]

Re: OFT requires Wonga to ensure improved debt collection practices

Perhaps they could call their local CAB and ask how money should be collected lol

Citizens Advice Bureau to work with loan provider Wonga

^^^^ not a good move from the CAB.

[enaid]

Re: OFT requires Wonga to ensure improved debt collection practices

Citizens Advice Bureau to work with loan provider Wonga

^^^^ not a good move from the CAB.

Exactly

[Guest]

Re: OFT requires Wonga to ensure improved debt collection practices

HI
So just to get this straight.

We are being told by the OFT to take any consumer complaints we may have(possibly about Wonga) to CAB.

The OFT have identified Wonga as using unfair and possibly illegal sales and debt recovery methods.

Wonga are financing activities by CAB.

What is wrong with this picture

Peter

[enaid]

Re: OFT requires Wonga to ensure improved debt collection practices

Not a lot lol till we do something about it.
What's the saying ' do not bite the hand that feeds you'

[Latch Key Kid]

Re: OFT requires Wonga to ensure improved debt collection practices

Citizens Advice Bureau to work with loan provider Wonga

^^^^ not a good move from the CAB.

Hi

As far as publicity is concerned, its what you call potting the black from the break off at 8 ball pool.

Head in my hands, shaking slowly side to side.

[Latch Key Kid]

Re: OFT requires Wonga to ensure improved debt collection practices

Hi

Ive just listened to it.

However well intentioned, it has to be up there with some of the worst things I have ever heard in my many years of experience in debt advice / work.

The funding is just at one CAB branch among the 350 to 400 hundred or so up and down the country I am led to believe, lets hope it stays that way or its suicide in my opinion.

Sorry CAB people, cant make a case for this rubbish and thanks a xxxxxxx bundle.

My independent view as always (not hiding, never do)

[enaid]

Re: OFT requires Wonga to ensure improved debt collection practices

Well I don't understand how one branch can do this without permission from above, unless it's a test run.

[Latch Key Kid]

Re: OFT requires Wonga to ensure improved debt collection practices

Well I don't understand how one branch can do this without permission from above, unless it's a test run.

Hi

The branches are all basically independent of each other, nothing to do with above, they just have to meet the membership criteria to be in the fold.

See your point though