Double charging the poorest borrowers

  It’s always the same. It’s the poor what gets the blame and are charged far more than they should be. At the end of September Wonga managed to charge customers twice leaving thousands without money to buy food or pay their rent over a weekend.   But that accident was resolved in days. When it comes to overcharging it is the establishment lenders that know how to double charge their poorest customers over many years and take their time to put their customers back. Poorest customers will be repaid The Financial Conduct Authority estimates that up to 750,000 mortgage customers, […]

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Loans situated next to the baked beans are totally indigestible

If you think you may need a loan to help ease you through the coming months – be on your guard. Money fighters don’t reach for the first brochure the drops through the letter box, or which beckons enticingly from the conveniently placed leaflet stand at the supermarket checkout. Such deals offered by well known supermarket brands heavily promote low rate personal loans for customers.   Rates as low as 4.7% are shown in large type and in bright colours. But check out the small (and by small we mean tiny) print. If you fail to do so and simply send […]

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