Former anti-payday loan campaigner joins Wonga as PR head

Delroy Corinaldi announced that he would be leaving debt charity StepChange last year, to pursue "new challenges in finance"

A former anti-payday lending campaigner and senior member of staff at a debt advice charity has taken a job with controversial loan company Wonga, as its head of PR.

Delroy Corinaldi worked as director of external affairs at StepChange Debt Charity for four years. The organisation, previously known as the Consumer Credit Counselling Service, has given free advice to people in debt for two decades.

In a statement on the charity’s website when he announced his resignation in August, Mr Corinaldi said that he would be pursuing “new challenges in finance”.

“We’ve seen through some big and important changes in the organisation - including an active participation in important debates around debt and personal finance. 

“After four years I’m considering some exciting new challenges in finance, but I will always be passionate about the importance of achieving a society free from problem debt as I continue pro bono work for the Financial Inclusion Centre,” he said in a statement at the time.

But in March it emerged that Mr Corinaldi had accepted a job at the loan company, despite StepChange previously calling Wonga “controversial”, and criticising Jonathan Luff, former senior adviser to David Cameron, for joining Wonga in 2012, citing that the Office of Fair Trading had censured Wonga for employing “aggressive and misleading” debt collection practices.

In his previous position at the charity, Mr Corinaldi also issued a number of statements warning against the use of payday loans.

Mr Corinaldi has since said that Wonga is “at the forefront of efforts to lend responsibly” and joining the firm “feels like the right move after my time at StepChange,” according to The Times

“What really attracted me to the role is that the senior management team at Wonga know there is more to do,” he added.

  Peer-to-peer lending can pay off – but there are pitfalls Peer-to-peer lending can pay off – but there are pitfalls
Read more: FCA vows to crackdown on payday lenders
Wonga ad banned for implying 5853% rate was 'irrelevant'
A third of payday borrowers don't repay on time

The criticism that payday lenders, including Wonga, have been under was brought to the fore by StepChange in February, when it revealed there had been an 82 per cent increase in the number of people seeking help after taking out loans.

The charity dealt with 66,557 people who sought help because of payday loan problems in 2013. The previous year the figure had been just 36,413.

Mike O’Connor, chief executive of StepChange, said of the figures: “The widespread harm and misery caused by payday loans continue unabated. The industry has failed to address the problems causing untold misery and damage to financially vulnerable consumers across the UK.”

As payday lending use has increased, politicians, campaign groups, and religious leaders have all expressed their concern that the firms exploit the vulnerable, and impose unreasonably high interest rates on their customers.

A Wonga spokesman told Money Marketing when Mr Corinaldi’s role was announced that: “At this key time for our business, which under a new chief executive officer is preparing for the transfer of consumer credit to the FCA, we are keen to ensure that the voice of our customers is made clear while engaging proactively with the wider community.

“Delroy’s extensive knowledge of personal finance and debt issues together with his passion for the consumer will be invaluable. Delroy will head up a team of three and report into Henry Raine, our head of UK regulatory.”

PROMOTED VIDEO
Have you tried new the Independent Digital Edition apps?
News
ebooksAn evocation of the conflict through the eyes of those who lived through it
News
video
Arts and Entertainment
Martin Amis: Taken to task over rash decisions and ill-judged statements
booksThe Zone of Interest just doesn't work, says James Runcie
Life and Style
life – it's not, says Rachel McKinnon
Arts and Entertainment
Eye of the beholder? 'Concrete lasagne' Preston bus station
architectureWhich monstrosities should be nominated for the Dead Prize?
Travel
travelFrom Notting Hill Carnival to Zombeavers at FrightFest
Independent
Travel Shop
the manor
Up to 70% off luxury travel
on city breaks Find out more
santorini
Up to 70% off luxury travel
on chic beach resorts Find out more
sardina foodie
Up to 70% off luxury travel
on country retreats Find out more
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs General

Trainee Recruitment Consultant

£20000 - £45000 per annum + uncapped: SThree: Key featuresA highly motivated ...

Service Delivery and Support Manager

£55000 - £75000 per annum + excellent benefits: Harrington Starr: Service Deli...

Corporate Tax Solicitor

Highly Competitive Salary: Austen Lloyd: CITY - HIGHEST QUALITY INTERNATIONAL ...

Relationship Manager

£500 - £600 per day: Orgtel: Relationship Manager, London, Banking, Accountant...

Day In a Page

Middle East crisis: We know all too much about the cruelty of Isis – but all too little about who they are

We know all too much about the cruelty of Isis – but all too little about who they are

Now Obama has seen the next US reporter to be threatened with beheading, will he blink, asks Robert Fisk
Neanderthals lived alongside humans for centuries, latest study shows

Final resting place of our Neanderthal neighbours revealed

Bones dated to 40,000 years ago show species may have died out in Belgium species co-existed
Scottish independence: The new Scots who hold fate of the UK in their hands

The new Scots who hold fate of the UK in their hands

Scotland’s immigrants are as passionate about the future of their adopted nation as anyone else
Britain's ugliest buildings: Which monstrosities should be nominated for the Dead Prize?

Blight club: Britain's ugliest buildings

Following the architect Cameron Sinclair's introduction of the Dead Prize, an award for ugly buildings, John Rentoul reflects on some of the biggest blots on the UK landscape
eBay's enduring appeal: Online auction site is still the UK's most popular e-commerce retailer

eBay's enduring appeal

The online auction site is still the UK's most popular e-commerce site
Culture Minister Ed Vaizey: ‘lack of ethnic minority and black faces on TV is weird’

'Lack of ethnic minority and black faces on TV is weird'

Culture Minister Ed Vaizey calls for immediate action to address the problem
Artist Olafur Eliasson's latest large-scale works are inspired by the paintings of JMW Turner

Magic circles: Artist Olafur Eliasson

Eliasson's works will go alongside a new exhibition of JMW Turner at Tate Britain. He tells Jay Merrick why the paintings of his hero are ripe for reinvention
Josephine Dickinson: 'A cochlear implant helped me to discover a new world of sound'

Josephine Dickinson: 'How I discovered a new world of sound'

After going deaf as a child, musician and poet Josephine Dickinson made do with a hearing aid for five decades. Then she had a cochlear implant - and everything changed
Greggs Google fail: Was the bakery's response to its logo mishap a stroke of marketing genius?

Greggs gives lesson in crisis management

After a mishap with their logo, high street staple Greggs went viral this week. But, as Simon Usborne discovers, their social media response was anything but half baked
Matthew McConaughey has been singing the praises of bumbags (shame he doesn't know how to wear one)

Matthew McConaughey sings the praises of bumbags

Shame he doesn't know how to wear one. Harriet Walker explains the dos and don'ts of fanny packs
7 best quadcopters and drones

Flying fun: 7 best quadcopters and drones

From state of the art devices with stabilised cameras to mini gadgets that can soar around the home, we take some flying objects for a spin
Joey Barton: ‘I’ve been guilty of getting a bit irate’

Joey Barton: ‘I’ve been guilty of getting a bit irate’

The midfielder returned to the Premier League after two years last weekend. The controversial character had much to discuss after his first game back
Andy Murray: I quit while I’m ahead too often

Andy Murray: I quit while I’m ahead too often

British No 1 knows his consistency as well as his fitness needs working on as he prepares for the US Open after a ‘very, very up and down’ year
Ferguson: In the heartlands of America, a descent into madness

A descent into madness in America's heartlands

David Usborne arrived in Ferguson, Missouri to be greeted by a scene more redolent of Gaza and Afghanistan
BBC’s filming of raid at Sir Cliff’s home ‘may be result of corruption’

BBC faces corruption allegation over its Sir Cliff police raid coverage

Reporter’s relationship with police under scrutiny as DG is summoned by MPs to explain extensive live broadcast of swoop on singer’s home