Property News · September 27, 2016

Rent-to-own debts rise as Citizens Advice warns on new types of loans


Charity warns more people are struggling with high rates and fees on new type of loans and calls for better regulationThe number of people struggling with debts to rent-to-own firms and on guarantor loans rose by 16% in the second quarter, as borrowers no longer able to get payday loans move to other, less heavily regulated borrowing. Related: Payday loan complaints to financial ombudsman nearly triple in a year Continue reading…

Source : theguardian.com
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