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Fernwood Financial Closes, Cancels Debts Amid Scam Warnings

8/24/2025

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Summary

Story summary

Fernwood Financial Limited, a payday lender in northwest England, has shut down and canceled debts for many customers.
The Financial Conduct Authority recommends customers cancel automated payments and reach out to liquidators for verification.
Experts caution that debt cancellations are uncommon and warn of potential scams targeting affected customers.

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Story summary

Fernwood Financial Limited, a payday lender in northwest England, has shut down and canceled debts for many customers.
The Financial Conduct Authority recommends customers cancel automated payments and reach out to liquidators for verification.
Experts caution that debt cancellations are uncommon and warn of potential scams targeting affected customers.