Citizens Advice exposes payday lenders'

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Citizens Advice exposes payday lenders'

28 May 2013, 07:00

Citizens Advice exposes payday lenders'

This is a duplicate of the Blog Entry made on 28th May 2013 07:59.

*............failings as OFT closes in on unscrupulous lenders * New evidence from Citizens Advice finds 7 in 10 put under pressure to extend...

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Tags: advice, applications, bbc, challenges, citizens, con, contract, debt, forced, health, home, legal, lenders, loan, loan sharks, loans, mental, mental health, oft, payday, payday lenders, pressure, rac, sharks, size
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28 May 2013, 07:57

Re: Citizens Advice exposes payday lenders'

I first heard of this story on the BBC Home Service.

As applications tend to be made on-line, one might wonder how the legal loan sharks might exclude applications from drunkards or people with mental health challenges.

If loans are made to people under 18, such loans would surely be incapable of being enforced as the loan contract would be voidable.
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