The characters threatened legitimate actions, nevertheless law offices had been incorrect. Periodically Wonga extra rates for these emails to buyers account.
Metropolis watchdog, the monetary perform council (FCA), stated 45,000 buyers is paid.
Wonga has apologised and stated the strategy concluded about four years ago.
The location regulator features advised the BBC it provides transferred a file on the law enforcement.
The corporate might British s biggest pay check loan company, creating just about four million loans to a single million users in 2012, most recent results showcase.
Big misconduct
An investigation unearthed that Wonga sent emails to customers from fake lawyers referred to as Chainey, D Amato Shannon and Barker and Lowe law Recoveries .
Each plan were build customers in arrears recognize that their unique great financial obligation was in fact passed to a law firm, with legal motion confronted if financial obligation had not been remunerated.
The corporate was actually using this technique to maximise libraries by piling the pressure on visitors, the regulator claimed.
Wonga s misconduct is extremely serious as it encountered the aftereffect of exacerbating an already harder scenario for customers in debt, explained Clive Adamson, director of supervision within FCA.
The FCA anticipates agencies to spend certain awareness of reasonable treating individuals who have problem in meeting her loan repayments.
The problem occurred between October 2008 and December 2010, and involved Wonga alongside organizations within the team.
Apology
Because this gone wrong until the FCA took over the legislations of payday creditors, really incapable of ok Wonga. What’s more, it said there is no illegal research precisely as it planned to setup a compensation structure immediately and a criminal probe would take some time.