Unscrupulous online loan providers are acting outside of the legislation, our detectives discovered.
- Simon Read@simonnread
- 9 November 2012 21:00 < ^moreThanTen> friday
> Responses< >
A study of online payday lending web web sites carried out final week-end with respect to The Independent unveiled that significantly more than two-thirds of those don’t have any legitimate credit rating licence.
Without a legitimate licence, web sites are breaking the law. The shocking data are a definite signal that is fresh the sector is spiralling out of hand as increasing numbers of businesses pile in with the expectation of earning a fast dollar out of struggling individuals.
Any office of Fair Trading happens to be investigating the high-cost credit industry to consider accusations of reckless financing and pushy advertising. 继续阅读Cash advance organizations which are flouting what the law states