The industry continues to act irresponsibly by lending to people in financial difficulty despite tougher regulation. We talked to a single target
Neither of whom asked him to disclose previous money problems despite having an IVA, one borrower found he was able to take out new loans from two lenders. Photograph: Suzanne Plunkett/Reuters
Despite having an IVA, one debtor found he had been in a position to sign up for brand new loans from two loan providers, neither of who asked him to reveal past cash issues. Photograph: Suzanne Plunkett/Reuters
A lex Jones* has got to switch their phone down in the office and so the text that is constant usually do not distract him. He gets around 20-25 a time from payday lenders and agents providing high-cost loans as high as ВЈ1,000 an occasion.
вЂњNeed money? We’ve evaluated the application вЂ¦вЂќ an average text checks out. вЂњA loan of as much as ВЈ900 is preparing to finish,вЂќ claims another. вЂњWeвЂ™ve received your loan inquiry. Is it possible to simply just simply just take our call? […]