Wonga customers to get just 4.3% of compensation for mis-sold payday loans
Thousands of borrowers who were mis-sold loans they couldn’t afford by defunct payday lender Wonga will get back just 4.3 per cent of the compensation they are owed.
Administrators Grant Thornton revealed on Thursday that they had recovered just £24m of assets to cover £535m of claims from Wonga’s creditors, including almost 400,000 former customers.
It means the average claimant, owed £1,200,…