Tweet
A debt charity is urging consumers to share spam texts from fee-charging debt management companies and loan firms to help expose the dirty marketing techniques used to prey on financially vulnerable people.
Firms send marketing text messages offering loans or 'debt advice' at random - but the services come at a price. 'Payday' loans are designed to tide consumers over until their next wage installment but they come with high levels of interest.
[ATTACH]9595[/ATTACH]
In one example, the LoansToYou website texted random recipients offering a loan that charges £25 in interest for every £100 borrowed per 30 days.....Read more here--: 'NEED EXTRA CASH FOR XMAS?': Payday loan firms send out Xmas texts to lure the financially vulnerable | This is Money
- Hi & Welcome to the AAD Consumer Forum
We're a FREE consumer debt and legal forum offering help, support and debate in many areas of day-to-day life. You will need to Register a Free Account before you can join in with the discussion and contribute with your own posts. Remember to also check out the FAQ's so you can get to grips with how the forum works ready to start posting your new topics. Read about the new GDPR 2018 Rules and how it affects you as a member of AAD.