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Debt charity warns on payday loan charter
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Debt charity warns on payday loan charter
Payday loan debt problems have increased ten-fold since 2009, a charity has warned, as payday lenders launch a charter to increase consumer protection. Citizens Advice Bureaux said 10% of consumers it spoke to with multiple debts in the first quarter of this year had at least one payday loan debt, compared to 1% in the same period in 2009/10. And the debt advice charity warned more people in long-term financial difficulty were using payday loans in a desperate bid to stay afloat....Read more hereTags: None
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