Wonga borrowers ‘to get just 4.3% of compensation claims’
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People who were mis-sold loans by the payday lender Wonga have been told that they will receive just 4.3% of the compensation they are owed.
Administrators have begun informing around 400,000 claimants by letter, some of whom have reacted in dismay.
Before its collapse, Wonga was vilified for its high-cost, short-term loans, seen as targeting the vulnerable.
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