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3 in 4 loans that are payday have cause of issue towards the Ombudsman

3 in 4 loans that are payday have cause of issue towards the Ombudsman

People guidance urges cash advance clients to fight straight right back against unscrupulous loan providers

Three in four payday borrowers who got advice through the people guidance customer solution have been addressed unfairly by their loan provider and might have grounds for the state issue towards the Financial Ombudsman Service, states the charity that is national.

People Advice’s in level analysis of 665 pay day loan cases, reported to its customer solution between 1 January and 30 June 2013, discovers that at the least 76percent may have grounds for the state problem towards the Financial Ombudsman including: