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Sunny pay day loan customers could get absolutely nothing in payouts. Half of a million borrowers mis-sold…

Fifty per cent of a million borrowers payday that is mis-sold by collapsed loan provider Sunny are going to receive a maximum of 1% of the settlement entitlement. Administrators KPMG are emailing dozens of who’ve a right up to a payout, welcoming them to create a claim.

However they are warning that the funds available suggest they might perhaps maybe maybe not receive a cent, or 1% for the most part.

Nevertheless, victims of mis-selling will automatically have negative entries on their credit records cleared. This is done immediately because of the end of November, with any records of defaults on the very very very first five Sunny loans cleared, and notices of every subsequent loans deleted totally. Continue reading