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Sunny pay day loan users could get nothing in payouts

Sunny pay day loan users could get nothing in payouts

Half of a million borrowers payday that is mis-sold by collapsed lender Sunny will probably receive a maximum of 1% of these compensation entitlement.

Administrators KPMG are emailing dozens of that have a right to a payout, welcoming them in order to make a claim.

However they are warning that the funds available suggest they might maybe maybe maybe not get a cent, or 1% at most of the.

But, victims of mis-selling will automatically need negative entries on their credit reports cleared.