A week ago, over 350,000 previous Wonga clients, have been mis-sold pay day loans, heard they are going to be given a paltry 4.3% of whatever they were owed following the company went into management. So according to the cash Saving Professional Martin Lewis, this has to be a wake-up call for anybody who may have been mis-sold an online payday loan – DON’T WAIT to test if you should be due ?100s or 1,000s, or it might be far too late!
Is there such a thing those due Wonga money can do about receiving so little?
Wonga clients who have been awarded payouts having been mis-sold their loans, are just getting 4.3p per ?100 owed. Therefore, somebody due ?2,000 are certain to get simply ?86.
We yet others very long campaigned for pay day loan regulation, but once it arrived in 2015, that has been far too late. These vultures had preyed on and profited from the susceptible with impunity for decades. Whenever legislation finally came, enabling visitors to reclaim, some of those worldwide companies declared their British hands bust, so they really were not liable, often leaving the founders sitting on cushions of money running on usurious earnings.