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Wonga hit by OFT warning
THE OFFICE of Fair Trading (OFT) has written to short-term money lender Wonga to warn it against “aggressive”debt collection practices.
The OFT said letters and emails sent from Wonga to customers suggesting they had committed fraud were without “appropriate justification”, and that if similar letters were sent again the lender would face a fine.
Wonga said it would appeal the decision.
The OFT launched an investigation into payday loans earlier this year.