Wonga borrowers ‘to get 4.3% of payment claims’

Wonga borrowers ‘to get 4.3% of payment claims’

Those who were 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 actually started informing around 400,000 claimants by page, a few 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. Continue reading “Wonga borrowers ‘to get 4.3% of payment claims’”