BBC News – Worries for those denied payday loans

[Legal Beagles]

The fate of people turned down for payday loans owing to stricter regulations on the industry has prompted polarised debate.A trade body, the Consumer Financial Association, has claimed that only a quarter of those turned down ended up better off financially.It said charges for late bill payments and overdraft fees meant many rejected applicants were […]

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[enaid]

Re: BBC News – Worries for those denied payday loans

The CFA should be more concerned about why people are having to turn to this kind of credit in the first place.