Pay day loans – Scots urged to report their experiences in CAS study
People guidance Scotland like to hear from Scots who’ve been addressed unfairly by cash advance businesses within the last few a few months. The findings of a survey of payday loan customers there, CAS is extending the Scottish version of the survey to allow more Scots to come forward and report their negative experiences as CAB colleagues in England and Wales today.
People Information Scotland representative Lucy Manson states,
“For some time we have now been very concerned with the method that numerous lenders that are payday. CAB advisers around the world have observed more and more individuals who are drowning with debt due to the actions of payday lenders – specially things such as high interest levels, bad criminal background checks and harassment. A few months ago the pay day loans companies guaranteed they might clean up their work. We’ve been running a survey allowing individuals to report if they are sticking with that promise or otherwise not.
“Our CAB peers in England and Wales have today posted the first link between their area of the study, which will show that numerous payday lenders have actually broken their dedication to the nice practice charter they finalized year that is last. Read more →