OFT criticises Wonga debt collection practices

This is from Pra Group website: Haven't heard from them lately but now are receiving calls stating we our loan that we applied for online has been approved. They never called me again, darn it! Do the Costs Justify the Price? Learn more about protecting yourself in this FTC article about fake debt collectors.

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Unfortunately, some payday lending operations have employed deception and other illegal conduct to take advantage of financially distressed consumers seeking these loans. The FTC enforces a variety of laws to protect consumers in this area. If you're looking for abusive and slipshod practices, look no further than the payday loan, debt collection and credit reporting businesses, . Aug 06,  · Are debt collectors for payday loan companies subject to the FDCPA? I'm a little scared and confused. Please help! I was contacted by a "law firm" stating I owe a payday loan in the amount of $ I asked who was the original creditor, who they said was a payday loan company/5(4).

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