18 Feb Without a doubt about Payday loan provider’s collapse going to borrowers
By Kevin PeacheyPersonal finance reporter
Thousands and thousands of individuals who were mis-sold loans that are payday receive a small fraction associated with settlement they're eligible to following a lender collapsed.
WageDay Advance had provided loans to about 800,000 individuals but went into management early in the day this current year.
In a case that mirrors the demise of Wonga, the business folded after being hit by way of a wave of payment claims for mis-sold loans.