We call upon the government to:
1. Limit the amount that can be lent, by a payday lender to one person, during a given period.
2. Restrict a borrower to one payday loan at a time (At present there is nothing to stop a person taking a loan from as many shops as they can get around in one day).
3. Limit the penalty charges defaulter’s charged by payday lending companies.
We call upon the government to:
1. Limit the amount that can be lent, by a payday lender to one person, during a given period.
2. Restrict a borrower to one payday loan at a time (At present there is nothing to stop a person taking a loan from as many shops as they can get around in one day).
3. Limit the penalty charges defaulter’s charged by payday lending companies.
these places are like vultures. they target people when they are already desperate and just keep them trapped in a cycle of debt. it needs to stop