Clients of WageDayAdvance who feel they will have a genuine claim for mis-selling must not postpone.
WARRINGTON, ENGLAND – Allegiant Finance Services, the UKвЂ™s initial pay day loan claims professional business, has today highlighted a filing by Curo Group Holdings Corp, the US parent business of WageDayAdvance. The filing shows WageDayAdvance has proposed an arrangement to the UKвЂ™s Financial Conduct Authority which may see its obligation to clients for pay day loan settlement limited by simply ВЈ17.9 million, despite it most most likely facing future claims potentially operating into tens of millions. Claims in Q3 & Q4 of 2018 alone accounted for $7.6 million based on WageDayAdvanceвЂ™s records with numerous 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
вЂњThis is really a development that is deeply concerning. WageDayAdvance is component of a lucrative group that is international. Continue reading