Credit Unions helping Payday Loans Debt trapped UK Households

Man with credit Union Protection(NewTown, Mid Wales UK) – The critics of payday loans industry are calling for an immediate change in the regulation that will help the inveigle borrowers to come out from some complex debt cycle that include targeted help for exposed customers, improved rules and for better financial tutelage. Everyone is familiar with this fact that the payday lending industry is getting highly criticized due to their irresponsible lending, very high interest rates and excessive fees against their loan program and not only this, there are several companies that are occasionally doing fraud with the customers as well. This is actually poisoning the Loan industry and its reputation. Continue reading