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  • #1

    Payday loan charges cap takes effec

    Payday loan charges cap takes effec

    This is a duplicate of the Blog Entry made on 2nd January 2015 11:53.

    *A cap on the cost of payday loans enforced by the City regulator has now come into effect.* Payday loan rates will be capped at 0.8% per day of the...

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    Tags: 2015, 2nd, cap, capped, charges, city regulator, companies, debt, debtors, debts, forced, loan, loans, pay day, payday, payday loan, payday loans, rates, regulator, size
  • #2
    Re: Payday loan charges cap takes effec

    Originally posted by AAD News Feed View Post
    Payday loan charges cap takes effec

    This is a duplicate of the Blog Entry made on 2nd January 2015 11:53.

    *A cap on the cost of payday loans enforced by the City regulator has now come into effect.* Payday loan rates will be capped at 0.8% per day of the...

    Click to Read More...
    About bloody time too !

    The icing on the cake will be to see if the same common-sense approach (reasonableness) can be applied to debtors with outstanding Pay Day Loan debts.

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    • #3
      Re: Payday loan charges cap takes effec

      Maybe, just maybe many of them will get written off as companies go to the wall. I know I have had a few vanish and been told that they are being written off

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