Final updated on 3 2014 december
In 2013, some 1.8 million individuals in the united kingdom took down around 10.2 million brand brand new temporary, high price payday advances, well worth ?2.8 billion, based on the Competition and areas Authority.
In 2013, 6% of UK consumers were considering taking out a payday loan in the next six months, according to ComRes research december.
Because the interest in payday advances has grown, nonetheless, therefore has opposition as to the numerous see as their unfairly high interest levels, troubling marketing techniques and bad remedy for customers who default on their loans. Continue reading
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