Administrators have actually started informing around 400,000 claimants by page, a few of whom have actually reacted in dismay.
Individuals who had been mis-sold loans by the payday lender Wonga have already been told they are owed that they will receive just 4.3% of the compensation.
Before its collapse, Wonga had been vilified for the high-cost, short-term loans, regarded as focusing on the susceptible.
One ex-customer told BBC News it had been “an insult” to borrowers.
“Trust has actually been harmed by the corporation, plus the number of settlement is an insult towards the individuals which were harmed by this,” stated Jo from Basingstoke.
After Jo destroyed her full-time work and started in a task with fewer hours, she took away a few loans with Wonga between 2010 and 2014 to create ends fulfill.