Yet again a sub-prime lender has been exposed for dubious practices – justifying Oldham Council’s sustained efforts to send such lenders packing out of Oldham.

The Financial Conduct Authority ruled last month that pay day lender Wonga, known for its eye-watering 5,853% APR, sent out threatening letters from two fictional law firms to customers in arrears.

It even made some clients pay for sending them the fake letters.

Wonga has been ordered to pay compensation of £2.6m to the 45,000 people who received the letters.

If you received one of these look out for your repayments which commence at the start of September.