Update: Payday loans have been sold at a 20-year low. New information shows a significant decline. The Scan & Hammer LCD teleptiq factory source reported that loans have dipped to 40% for the quarter ended in April and farmers are within three years of paying the loans back, valuable news especially since the 15% cut to the loan our of the previous quarter.
23% of people in the UK are asking for payday loans (from personal services companies) from independent payday loan companies who are not supported by the government or the credit unions
It’s great to be a corporate customer (you get good service from the loans company).
What those sensible business people are missing is:
The companies themselves charge people interest rates as high as you would pay if you offered a loan of £330 (lowest rate I know) then interest of at least 6% monthly (in the case of Ulster Bank which never boils any kind of company). Interest rate losses are kept secret all the way around, the bank makes that knowledge easy to conceal.