Roughly 800,000 customers were affected. Eligible borrowers who were mis-sold loans ultimately received only a small fraction of their compensation—less than 6p for every £1 owed.
The firm entered administration in February 2019. Its downfall was largely due to thousands of "mis-selling" claims, where regulators found the company failed to perform rigorous affordability checks. wageday
WageDay Advance (a trading name of Curo Transatlantic Limited) was once a significant player in the short-term loan market. Roughly 800,000 customers were affected