Mr Bunting lost a leg when an IRA bomb planted under his taxi exploded in Belfast in 1991.
He was among those who fought a long-running campaign for the Troubles Permanent Disablement Scheme to be introduced, which included legal action.
He believes the target of the attack on him was a police officer who drove a similar vehicle.
“I lost everything on that day,” he said.
“I lost my business, I lost my livelihood, I lost my home, I lost everything. I nearly lost my life obviously, but it just destroyed me.”
Mr Bunting, who was 37 at the time, said the initial compensation he received was “terrible”.
His medical treatment took five years and because he could not work, it had an impact on his state pension entitlement in later life.
But he now receives an additional £250 a week under the victims’ scheme.
“It was the greatest thing in my life financially,” Mr Bunting said.
While it took 18 months for a decision to grant payments, he knows of other victims who have been waiting on outcomes for three or four years.
“My heart goes out to the people who are waiting now,” he said.
“You’ve victims who are elderly people and some of them might not even see it.
“People then get frustrated and it affects their mental health. Worrying about it is destroying them.”