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Let me make it clear about pay day loan caps come right into force

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Let me make it clear about pay day loan caps come right into force

Today New caps on payday lenders come into force. Photograph: Dan Kitwood/Getty Images

More than a million individuals will understand price of their borrowing fall now that brand new cost caps on payday advances took impact.

But, very early indications are that numerous regarding the sector’s bigger players is supposed to be charging you the most allowed to underneath the brand new regime, instead using the chance to set their charges underneath the limit. (more…)

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