Wonga вЂ“ once the biggest name in British payday lending вЂ“ has kept a legacy of very nearly 400,000 customers whom claim they certainly were mis-sold their loans.
Nonetheless it appears probably those clients is only going to get a small fraction of the funds they have been owed since the payday giant has collapsed beneath the fat of claims and gone into management, despite a money injection of ВЈ10 million by investors.
Struggling to spend
Utilizing the company struggling to spend, numerous claims had been introduced into the Financial Ombudsman Service (FOS) for his or her adjudication and Wonga stated the extra charges charged for FOS investigations could never be met in addition to any payment owed.
August still more claims poured in after the firm went into administration with administrators Grant Thornton revealing they have received 560,982 before the end of.
Initial checks had been made and discovered that 389,621 had been claims that are eligible.