WiredGov Newswire (news from other organisations)
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CAB - 7 in 10 put under pressure to rollover loans
Citizens Advice evidence on payday loan problems
Citizens Advice Chief Executive, Gillian Guy, revealed the detrimental impact unscrupulous payday lenders have had on people’s lives at the BIS Select Committee on payday loans this morning.
Citizens Advice Chief Executive, Gillian Guy, said:
“Payday lenders are still failing to treat their customers fairly and check that loans are actually affordable. Citizens Advice evidence reveals 62% of loans come without proper checks to establish whether the borrower is able to repay the loan.