CASH ADVANCE SCANDAL Another Significant Payday Loan Lender In The Brink: Leading Pay Day Loan Claims Company Warns That Wageday Advance Could Be The Next Payday Lender Lining As Much As Write Off Compensation Liability.
Clients of WageDayAdvance whom feel they usually have a genuine claim for mis-selling must not wait.
WARRINGTON, ENGLAND – Allegiant Finance Services, the UKвЂ™s payday that is original claims expert business, has today highlighted a filing by Curo Group Holdings Corp, the US parent business of WageDayAdvance. The filing indicates WageDayAdvance has proposed an arrangement towards the UKвЂ™s Financial Conduct Authority which may see its obligation to clients for pay day loan payment restricted to just ВЈ17.9 million, despite it most most most likely facing claims that are future operating into tens of millions. Claims in Q3 & Q4 of 2018 alone accounted for $7.6 million relating to WageDayAdvanceвЂ™s reports with several claims staying undealt with due to backlogs. This surprise revelation comes soon after WageDayAdvance announced it expanded its client base from 16,500 in 2017 to 23,500 in 2018, with revenue up from $14 to $20 million.
Jemma Marshall, Handling Director of Allegiant Finance Services commented