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Fall in Payday Loan Problems

Fall in Payday Loan Problems

There has been a steady decline in payday loan problems since April 2014, when new regulations were introduced by the Financial Conduct Authority and the regulator took enforcement action against lenders, Citizens Advice has reported. The number of problems fell further when the Government introduced the cap on payday loans on 2nd January 2015.

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People Continue to Struggle with Payday Loan Debt

People Continue to Struggle with Payday Loan Debt

There continues to be a steady growth in the number of people struggling with payday loan debt, according to recent figures from debt charity StepChange.

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