Big increase in pay day loan issues. Nevertheless the payday lenders claim the problem isn’t as bad as the charity are suggesting.

There’s been a rise in difficulties with pay day loans claims a debt advice charity that is leading.

The StepChange charity claims it’s seen an 82% increase in the amount of worried customers calling them for suggestions about how to approach the loans.

Significant reform

Now these are generally calling for the Financial Conduct Authority (FCA) to impose ‘substantial reform’ from the industry whenever it will take over obligation when it comes to sector month that is next. Continue reading