Payday and lenders that are short-term also burying costs and rates of interest
Cash advance along with other short-term loan providers are nevertheless asking borrowers INCREASE the amount lent in interest and charges.
Back January 2015, city watchdog the Financial Conduct Authority (FCA) capped the quantity high expense credit companies could charge.
Under its guidelines, borrowers never need to repay significantly more than double just just what they initially borrow. Continue reading “Pay day loan borrowers nevertheless being charged twice as much quantity lent”