We have published new data on insights and trends in the high-cost short-term credit (HCSTC, also known as ‘payday lending’) market.**
https://www.fca.org.uk/news/news-sto...t-january-2019
Over 5.4 million loans were made in the year to 30 June 2018, with 10 firms accounting for around 85% of new loans.
(in 2013 there were an estimated 10 million loans in the year)
https://www.fca.org.uk/news/news-sto...t-january-2019
Over 5.4 million loans were made in the year to 30 June 2018, with 10 firms accounting for around 85% of new loans.
(in 2013 there were an estimated 10 million loans in the year)