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Wonga forced to write off 330,000 loans
INFAMOUS pay-day lender Wonga has been forced to write off the debts of 330,000 customers after it admitted it has made loans to people who could not afford to repay them.
The move follows an agreement with the Financial Conduct Authority (FCA) that requires it to make significant changes to its business immediately.
The review means that approximately 330,000 customers who are currently over 30 days in arrears will have the balance of their loan written off.
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