Financial obligation difficulties with high price credit items regarding the increase as pay day loan dilemmas fall

Financial obligation difficulties with high price credit items regarding the increase as pay day loan dilemmas fall

Greater numbers of individuals are suffering debts for guarantor loans and lease to possess credit products, people Advice reveals today.

The charity states there is a change within the high expense credit market since the amount of people searching for assistance for issues with these sub-prime items has increased by 16per cent throughout the last 12 months (from 1,962 between April and June 2015 to 2,272 in identical duration in 2010), as the amount of people with pay day loan financial obligation issues has reduced. Continue reading “Financial obligation difficulties with high price credit items regarding the increase as pay day loan dilemmas fall”