Wonga to write off £220m of customer debts

[Terpe]

Payday lender Wonga says it is writing off £220m of debts for 330,000 customers after putting in place new affordability checks.

Source

[les_taxi]

Robbing gits - serves 'em right!

[grahamw48]

Yep these thieving grasping robbing cowboy parasites have finally got their cum-uppance.

Couldn't have happened to a bigger bunch of s

Next...the ones who've led to everyone paying through the nose for car insurance.

[Ako Si Jamie]

As Dedworth would say "Today's Good News"!

[Arthur Little]

As Dedworth would say "Today's Good News"!

........................................ ! It IS ... ... for some 330,000 of Wonga's misled borrowers in arrears.

[Arthur Little]

Wonga's chairman Andy Haste, who joined the company in July, said a review of lending practices had shown the need for change at Wonga was "real and urgent", and new stricter lending criteria would mean "accepting far fewer applications from new and existing customers".

Evidently the new Company Chairman will "hasten" to minimise all possible risk of any future repercussions ... 's for sure!

[SimonH]

£220 Million my

It's probably about £24.50 before their interest charges