- Wonga went into administration in August 2018
- Between April and August 2019 it received 390,000 successful complaints
- Those due payouts after being sold unaffordable loans were told they would find out how much they will get at the end of January 2020
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5corpio started a blog post Borrowers sold unaffordable loans by Wonga will find out in days how much compensation....in 5corpioBorrowers sold unaffordable loans by Wonga will find out in days how much compensation....
........they will get. -
LCF investors see compensation hopes dashed
Thousands of first-time investors who lost their savings after investing with London Capital & Finance (LCF) have been told it is unlikely they will qualify for compensation. Nearly 12,000 people put £236m into the firm which collapsed a year ago. The Financial Services Compensation Scheme (FSCS)... -
QuickQuid victims promised 'easy' compensation scheme
Borrowers who believe they were mis-sold a loan by collapsed payday lender QuickQuid will need to apply for compensation via an online portal. The company's administrators, Grant Thornton, will run the system and have promised it will be "quick and easy". The portal is not yet live, but is... -
Workers could get compensated for cancelled shifts
Zero-hours and "gig economy" workers who have shifts cancelled at short notice could be paid compensation under new government plans. The proposal is part of a package of measures aimed at improving the rights of low-paid flexible workers. Under the proposals, they could receive the full value... -
Energy customers will now receive automatic compensation
........of up to £120 for switching errors or late return of credit- Customers will receive £30 from energy firms who fail to return credit balances
- Those who have been switched by accident could get up to £120
- The new rules come into effect from May 1 and could benefit thousands
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RAC apologises after breaking insurance rules
The RAC has been forced to apologise to more than a million of its breakdown customers, after failing to meet the rules on insurance renewals. Some of those customers will receive financial compensation. The Financial Conduct Authority - which introduced new guidelines a year ago - said such behaviour... -
Broadband and landline users to get automatic compensation
Householders who receive poor service from their telecoms provider are to get automatic compensation, the regulator Ofcom has announced. From 2019 they will get £8 a day if a fault is not fixed, paid as a refund through their bill. This is less than the £10 that was proposed when Ofcom began its consultation... -
Gas man late? You could be entitled to £30 compensation
t's the bugbear that troubles millions of householders - the gas man who doesn't turn up when promised. But under little-known rules that came in last year, customers are entitled to claim £30 whenever a meter reader misses his or her four-hour time slot. Furthermore, if the energy supplier doesn't... -
Argos to refund card customers
Argos to refund card customers
This is a duplicate of the Blog Entry made on: 9th June 2016 15:41
Thousands of Argos customers will be refunded by up to £30m, as a result of being overcharged on their store cards....
The company has launched an enquiry into how customers were -
Bank customers could be forced to foot bill for fraud on their accounts
Bank customers could be forced to foot bill for fraud on their accounts
This is a duplicate of the Blog Entry made on: 26th May 2016 15:42
......in future if they have lax online security...
- Customers could soon be blocked from claiming compensation for fraud
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Borrowers making up to 4,000 complaints about PPI every week
Borrowers making up to 4,000 complaints about PPI every week
This is a duplicate of the Blog Entry made on: 26th May 2016 15:50
Payment protection insurance is triggering up to 4,000 complaints a week to the Financial Ombudsman Service, which said the claims management industry and... -
PPI victims 'should have got £5bn more'
PPI victims 'should have got £5bn more'
This is a duplicate of the Blog Entry made on: 13th May 2016 15:20
Twelve million consumers who were mis-sold Payment Protection Insurance (PPI) should have got an extra £5bn, a group of MPs has said....
That is the total amount -
Government considers giving out free phone call blockers
Government considers giving out free phone call blockers
This is a duplicate of the Blog Entry made on: 27th April 2016 18:44
........to stop those awful PPI spam calls...
The government is considering distributing free phone call blocking devices to deal with nuisance -
Firm that cuts off customers' televisions if they miss payments - Buy as You View
Firm that cuts off customers' televisions if they miss payments - Buy as You View
This is a duplicate of the Blog Entry made on: 22nd March 2016 16:41
......to hand out £939k after regulator accuses it of unfair treatment...
- Firm uses a prepayment meter to cut
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BHS pension gap 'wider than thought'
BHS pension gap 'wider than thought'
This is a duplicate of the Blog Entry made on: 8th March 2016 14:48
Department store chain BHS's pension scheme liabilities may be bigger than previously thought, court documents have revealed....
The precarious situation comes as the