The goal of payday advances is always to behave as a solution that is short-term short-term cashflow dilemmas skilled by customers

The goal of payday advances is always to behave as a solution that is short-term short-term cashflow dilemmas skilled by customers

Repeat lending

Section 6.25 regarding the OFT’s Irresponsible Lending Guidance stated, in terms of short-term loans, so it will be an and/or that is deceptive practice (which into the OFT’s view may constitute irresponsible lending practices) if your loan provider had been to repeatedly refinance (or ‘roll over’) a debtor’s current credit dedication for the short-term credit item in a fashion that is unsustainable or perhaps harmful.Continue reading