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Steep rise in payday loan claims – but 1,000s are being stung by unnecessary fees - MSE News

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The number of complaints against payday loan firms soared by 130% in the past year, new figures from the financial watchdog show. But the majority of claimants are using claims management firms, meaning they won't get the full compensation payout if successful. If you've been mis-sold, here's how to claim for free...
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'Steep rise in payday loan claims – but 1,000s are being stung by unnecessary fees'

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'Steep rise in payday loan claims – but 1,000s are being stung by unnecessary fees'

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To recap, PDL companies lent money irresponsibly to their target market of the most vulnerable in society. Likewise, borrowers took out loans they clearly could not afford.
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