Pay day loans – Scots urged to report their experiences in CAS study

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Pay day loans – Scots urged to report their experiences in CAS study

People guidance Scotland wish to hear from Scots who’ve been addressed unfairly by cash advance organizations within the last six months. As CAB peers in England and Wales today publish the findings of the survey of cash advance customers here, CAS is expanding the Scottish version of the study to permit more Scots in the future forward and report their negative experiences.

People Guidance Scotland representative Lucy Manson states,

“For a while we have now been really worried about the method that numerous lenders that are payday. CAB advisers around the world have observed more and more those who are drowning with debt due to the actions of payday lenders – specially things such as high interest levels, bad criminal record checks and harassment. half a year ago the pay day loans organizations promised they might clean their act up. We’ve been operating a study to permit visitors to report whether or not they are sticking with who promise or perhaps not.

“Our CAB peers in England and Wales have today posted the first outcomes of their the main study, which will show that lots of payday loan providers have actually broken their dedication to the nice training charter they finalized a year ago. […]