Archive for February, 2009

Credit charity warns against payday loans

Monday, February 2nd, 2009

The Consumer Credit Counselling Service has warned borrowers against taking out payday loans.
The short term lending products can be particularly attractive to consumers with bad credit histories, as they provide funding quickly to aid cashflow problems.
Since the credit crunch, the CCCS says payday loan demand has increased, but can be one of the most expensive [...]

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