Citizens Advice has stated the approach to more competition within the payday advances marketplace is for banking institutions to provide alternatives that are responsible. Provisional findings from your competitors and areas Authority has found cash advance clients might be spending ?5 to ?10 more per loan due to lack of competition.
Gillian Guy, Citizens Guidance Leader, stated:
“People are paying within the chances for payday advances that often sentence customers to years-worth of expensive financial obligation. (more…)