Despite tougher regulation, the industry continues to perform irresponsibly by financing to individuals in monetary problem. We spoke to 1 target
A lex Jones* must change their phone down at your workplace and so the constant sms never distract him. The guy will get around 20-25 every day from payday loan providers and brokers providing high-cost financial loans all the way to ?1,000 a period of time.
“Need earnings? There is evaluated the application …” a normal text checks out. “A loan as much as ?900 is ready to complete,” claims another. “We’ve received the loan query. Is it possible to need the name? Reply YES …”.
His email inbox is just as complete, with spam communications from agents and loan providers arriving as much as every five minutes at some details throughout the day. Similar lender might send emails at 10.59am and 12.39pm, while two for similar agent visit one after another.