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Which? report -Payday lenders default fees may be unlawful under UTCCR 1999

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  • #1

    Which? report -Payday lenders default fees may be unlawful under UTCCR 1999

    Which? report -Payday lenders default fees may be unlawful under UTCCR 1999

    This is a duplicate of the Blog Entry made on 13th January 2014 10:04.

    Which? have concluded an investigation into pay day loans and have concluded that many of the default charges are disproportionately high and may be...

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    Tags: banks, challenge, charges, court, debt, default, default fees, fees, investigation, legal, lenders, loans, pay day, pay day loans, payday, payday lenders, size, unlawful, which?
  • #2
    Re: Which? report -Payday lenders default fees may be unlawful under UTCCR 1999

    We all know this but will it force them to align with the banks and charge £12? Time will tell.......
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    • #3
      Re: Which? report -Payday lenders default fees may be unlawful under UTCCR 1999

      Originally posted by Never-In-Doubt View Post
      We all know this but will it force them to align with the banks and charge £12? Time will tell.......
      Will be interesting to see won't it. I know all the ones that I've addressed on this point have never actually gone as far as court so this would suggest they have concerns with someone mounting a legal challenge.
      "I fear all we have done is to awaken a sleeping giant and fill him with a terrible resolve."

      The consumer is that sleeping giant.!!


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