While Wonga recently said they were going to try to get into the business lending game, it looks like small firms are rejecting payday loan companies en masse, according to newly released research findings.
Labour MP and tireless consumer rights campaigner, Stella Creasy, has said that the new short term loans provider regulations as instituted by the government are only of ‘limited value’ in preventing payday advance lenders from trapping consumers in unmanageable prisons of debt.
If you’re fearful of running afoul of your creditors, especially those in the payday advance lending industry, you’re not alone – a new research project recently revealed that an overwhelming 93 per cent of Brits feel that they need to be protectedbetter from instant cash loan companies.
Don’t believe the hype when instant cash loan companies open their mouths about how their loans are only used occasionally by their customers: new research revealed that the majority of Brits who take out short term loans from payday lenders need to do so to pay household bills or essential items such as petrol and food.
The eye-watering interest rates instant cash loan providers charge their customers, sometimes as high as 4,000 to 6,000 per cent or even more, are sinfully high, according to the bishop of Durham.
A research study recently conducted by the payday advance lender claims that payday lending has become more and more important to Brits in order to help them ‘manage their financial affairs.’
Hi everyone, I’ve got a confession to make… Borrowing money from a payday loan company is quick and easy. There,
A instant cash loan information website has advanced an interesting and novel way of acquiring debt: take a loan out for cooking classes!
Hi everyone, I don’t think you’ll be surprised to hear that payday loans are a hot topic at the moment.
Payday advance lenders found to be charging as much as 6,000 per cent interest – and in some cases even more – were labeled as “greedy” recently by government ministers.