Pay day loans industry to manage competition inquiry
Share this with
They are outside links and can start in a brand new window
They are outside links and certainly will open in a brand new screen
Close share panel
Any office of Fair Trading (OFT) has called the lending that is payday towards the Competition Commission as a result of issues about “deep-rooted issues with the way in which competition works”.
The OFT said it unearthed that clients discovered it hard to determine or compare the cost that is full of loans.
It included that there have been obstacles to switching between loan providers whenever loans had been “rolled over”. Read more