Millions move to pay day loans, claim insolvency experts

Millions move to pay day loans, claim insolvency experts

Millions of Britons will likely remove a loan that is high-interest the following 6 months to endure them until payday, a team of insolvency professionals claims.

R3, which represents « professionals dealing with financially lendup difficult people and businesses », bases its claim on interviews with 2,000 individuals.

John Lamidey, of this customer Finance Association, which represents cash advance businesses, disputed the numbers. Read more…