Tuesday, May 28, 2013

Charity Says Payday Lenders 'Out Of Control'

Fresh evidence of "out of control" payday lenders failing to act responsibly and hounding people for money has been released by a debt advice charity.

Citizens Advice said it had seen cases in recent months which included payday lending to people who were aged under 18, had mental health issues or were drunk when they took out the loan.

The findings come at a time when Britain's biggest payday lenders are under threat of being put out of action if they fail to prove to the Office of Fair Trading (OFT) that their practices are up to scratch.

http://news.sky.com/story/1096277/charity-says-payday-lenders-out-of-control