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....by offering interest-free wage advances to struggling staff
he fight is being taken to payday lenders by an IT repair firm in the north-east which is offering its staff an advance on their salary so they don't resort to expensive short-term loans. Disgusted by the astronomical interest rates and high-profile advertising campaigns, Centrex Services founder Mike Heslop has taken action to ensure his workers avoid taking drastic steps if they find themselves short. With big-name payday lenders like Wonga and QuickQuid offering loans of up to 30 days with APR rates running into the many thousands, Mr Heslop's firm is offering to provide an interest free advance on their workers' monthly wages to get them to payday......Read more here
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