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EuroDebt welcomes changes to Pay Day loan practices
DEMSA member, and leading provider of face to face debt advice and debt solutions, EuroDebt Financial Services, has welcomed the commitment of the Pay Day loan trade bodies to strengthen their codes of practice to help people with unmanageable debts. Kevin Still, EuroDebt Director said: “Pay Day loans can be a great solution to short-term cash-flow problems, but can all-too-easily become a regular feature of an individual or family’s monthly financial management. Designed to provide a short-term fix, these loans can charge high interest rates and if not managed properly could actually make debt problems worse in the long-term. We have seen a rise in the number of clients with Pay Day loans within their list of credit agreements, often with several loans in quick succession....Read more here: CCR Magazine - EuroDebt welcomes changes to Pay Day loan practicesYou must be logged in to post a comment.
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