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Wonga borrowers ‘to have 4.3% of compensation claims’

Wonga borrowers ‘to have 4.3% of compensation claims’

Those who had been mis-sold loans by the payday lender Wonga have already been told they are owed that they will receive just 4.3% of the compensation.

Administrators have started informing around 400,000 claimants by letter, a number of who have actually reacted in dismay.

Before its collapse, Wonga had been vilified for the high-cost, short-term loans, regarded as focusing on the susceptible.

Commenting regarding the financial obligation advice forum Debt Camel, one ex-customer called it an “utter disgrace”.

“Lives have now been ruined by these loans. We myself had to borrow from family and friends in order to make repayments on time. Claim redress Ј3,455, I am getting Ј148.”

Læs videre Wonga borrowers ‘to have 4.3% of compensation claims’