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 actually started informing around 400,000 claimants by page, some of who have actually reacted in dismay.
Before its collapse, Wonga ended up being vilified for its high-cost, short-term loans, viewed as focusing on the susceptible.
Commenting from the debt advice forum Debt Camel, one ex-customer called it an “utter disgrace”.
“Lives were 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.”
Wonga, which collapsed in 2018, had been when the British’s biggest payday loan provider but its techniques attracted intense scrutiny. (altro…)