This thirty days, the very first time the Financial Conduct Authority (FCA) released figures in the high-cost short-term credit market (HCSTC), plus they paint a picture that is worrying.
HCSTC (usually by means of a loan that is payday is increasing since 2016 despite a decrease in how many loan providers. Ј1.3 billion had been lent in 5.4 million loans within the 12 months to 30 June 2018i. In addition, present quotes reveal that the mortgage shark industry is really worth around Ј700millionii. Continue reading