Wonga customers to get just 4.3% of compensation for missold payday loans
Thousands of borrowers who were missold loans they couldn’t afford by the defunct payday lender Wonga will get back just 4.3 per cent of the compensation they are owed.
Administrator Grant Thornton revealed on Thursday that it 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,…
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