Posts Tagged payday loan scam

tellows Weekly Top 3: Payday. Loan. Scams.

The report from the Centre for Social Justice (CSJ) showed that around 3.9m British families do not have enough savings to cover their rent or mortgage for more than a month.

As CSJ Director Christian Guy said:

Some of the poorest people in Britain are cut off from mainstream banking and have no choice now but to turn to loan sharks and high-cost lenders.

Worse than loan sharks are online payday scammers. They take advantage of the financial situation of people. They ask for a fee promising to release the loan afterwards, but in the end, you get to pay a fee for nothing.

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