Wonga.com controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2018
Collapse and compensation claims
Wonga entered administration after compensation claims and deteriorating economics left it unable to continue as a going concern. Later claims greatly exceeded the initial estimates, leaving many unsecured creditors unlikely to recover the full amount owed.
2017
Customer data breach
A cyberattack exposed information connected with approximately 245,000 UK customers, including banking and card-related data.
2014
Unfair and misleading debt collection
The Financial Conduct Authority found that Wonga had used unfair and misleading debt-collection practices. The firm agreed to compensate affected customers, including approximately 45,000 people identified in the initial remediation.