This thirty days, for the first time the Financial Conduct Authority (FCA) released figures online payday loans from the high-cost short-term credit market (HCSTC), and additionally they paint a worrying photo.
HCSTC (usually in the form of a cash advance) happens to be increasing since 2016 despite a decrease in how many lenders. Ј1.3 billion ended up being lent in 5.4 million loans within the to 30 June 2018i year. In addition, current quotes reveal that the mortgage shark industry may be worth around Ј700millionii. Continuar leyendo «Need for pay day loans is not going away. We must measure and market finance that is responsible.»