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What is it?
Coming in on Jan 2nd 2015 CAP on amount PAYDAY LENDERS can charge customers;
CAP on pricing at no more than £24 per £100 borrowed
0.8% interest rate CAP per day
£15 CAP on default charges
100% total cost cap - never payback more than double the amount you borrowed
Do you think its a good idea ?
Would you like to see something different ?
HAVE YOUR SAY !! Complete the online response form
Read the full Consultation paper 14/10
Coming in on Jan 2nd 2015 CAP on amount PAYDAY LENDERS can charge customers;
CAP on pricing at no more than £24 per £100 borrowed
0.8% interest rate CAP per day
£15 CAP on default charges
100% total cost cap - never payback more than double the amount you borrowed
Do you think its a good idea ?
Would you like to see something different ?
HAVE YOUR SAY !! Complete the online response form
Read the full Consultation paper 14/10
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