You will likely have heard associated with cap on payday advances that came in to force this 12 months, but today we will describe what this signifies in genuine terms and why we think that being reasonable is essential too.
What Is a payday loan?
Payday advances mean any unsecured loan that you are taking down and now have to settle within just one year with an APR of 100% or maybe more.
When it comes to formal FCA facts about what exactly is a payday product follow this website link . (more…)