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Martin Lewis
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Older News Stories

Wonga escapes police probe over 'fake' lawyer letters

City of London Police says it won't carry out a criminal investigation into Wonga's dodgy debt collection practices

Wonga keeps 18,000 customers waiting for compensation

Of the 45,000 customers who got fake lawyer letters from payday lender Wonga, 18,000 have yet to get compensation offers

Payday loan costs to be capped by watchdog

People taking out payday loans will never have to pay back more than double what they originally borrowed, the FCA says

Wonga busted by the FCA: 330,000 to have their loan wiped

All Wonga customers who are 30 days or more in arrears on their loans will have the balance completely written off

'Halifax, Lloyds TSB and NatWest's fake letters as bad as Wonga's' has compiled a 'fake' letter ranking based on the debt collection letters we've received

Payday lender The Money Shop lent thousands too much money, watchdog rules

Over 6,000 borrowers who were lent more than they could afford are to be refunded a combined total of more than £700,000

Student Loans Company must stop 'misleading' debt collection tactics, Government says

A Government minister has told the Student Loans Company not to use 'misleading tactics' to collect debt

300,000 graduates sent fake debt collection firm letters by Student Loans Company

The Student Loans Company's letter purports to be from a debt recovery firm called "Smith Lawson & Company"

Is it just Wonga? Send us your debt demands from fake lawyers

MoneySavingExpert is calling for you to email us copies of any letters you've received from fake lawyers chasing debts

Wonga to pay £2.6m after threatening borrowers with fake lawyers

Wonga pressured 45,000 customers into repaying payday loans by sending letters from non-existent law firms chasing debt

Church of England trying to 'compete' Wonga out of existence

The Archbishop of Canterbury has told Wonga the Church of England wants to 'compete' it out of existence

Payday loan costs can be capped by new watchdog

A Government amendment to the Financial Services Bill confirms the FCA will have the power to cap payday loan costs