Action needed to stop payday loan sharks
of 25p noodles.
These firms charge obscene levels of interest and then relentlessly hound anyone who falls behind with repayments and even an insubstantial sum can be allowed to ruin lives.
THE cycle of debt which comes with borrowing from payday loan companies is devastating.
then direct debits or standing orders will be perfectly suitable.
How can someone be reduced to this over a 1200 debt in 21st century Scotland?
From conception to implementation, this policy has been fatally flawed and will cost more money than the 2billion Iain Duncan Smith Hermes Belt Gold H Buckle
Campaigners and this newspaper have been warning about the dangers of payday loans for months but the UK Government have been reluctant to act.
The result was bank charges, rent arrears and a diet consisting Louis Vuitton Belt Brown And Gold
Firstly, cap the cost of credit. It is simply unacceptable that payday lenders can get away with 5000 per cent APRs when the maximum interest rate in countries such as Germany is 40 per cent. Lenders should establish that Givenchy Belt customers can afford the repayments before giving them a loan and Hermes Belt Gray
is trying to save in the short term.
Jacqui's story and the research from Citizens Advice show drastic action is required to end legalised loan sharking.
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