Church groups have called for a campaign to ensure that the amendment to the Financial Services Bill tabled by Walthamstow MP, Stella Creasy, gets approved when the bill gets its second reading in the House of Parliament next month.
Brits collectively owe nearly sixty billion pounds and, for once, short term loans companies can hardly be blamed as most of the debt is owed to a variety of sources and just a “smattering” to them.
45% of the loans, due to be paid back imminently, have either fell into arrears or the students who took them out are now untraceable.
if your pension fund had seen decrease upon decrease in recent years, would you mind if your fund manager gave it a few years in the instant cash loan sector to grow?
According to the Sunday Mirror, Labour MP Stella Creasy who is under the impression that the short term lending industry has a dire and “urgent need of reform,”