{"id":34100,"date":"2016-11-12T14:00:43","date_gmt":"2016-11-12T07:00:43","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/25-texts-and-emails-a-day-how-payday-loan-firms-hound-vulnerable-borrowers\/"},"modified":"2016-11-12T14:09:05","modified_gmt":"2016-11-12T07:09:05","slug":"25-texts-and-emails-a-day-how-payday-loan-firms-hound-vulnerable-borrowers","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/25-texts-and-emails-a-day-how-payday-loan-firms-hound-vulnerable-borrowers\/","title":{"rendered":"25 texts and emails a day: how payday loan firms hound vulnerable borrowers"},"content":{"rendered":"


\nDespite tougher regulation, the industry continues to act irresponsibly by lending to people in financial difficulty. We spoke to one targetAlex Jones* has to switch his phone off at work so the constant text messages do not distract him. He gets around 20-25 a day from payday lenders and brokers offering high-cost loans of up to \u00a31,000 a time.\u201cNeed cash? We have reviewed your application \u2026\u201d a typical text reads. \u201cA loan of up to \u00a3900 is ready to complete,\u201d says another. \u201cWe\u2019ve received your loan inquiry. Are you able to take our call? Reply YES \u2026\u201d. Continue reading…
\n
\nSource : theguardian.com
\nRead more…25 texts and emails a day: how payday loan firms hound vulnerable borrowers<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Despite tougher regulation, the industry continues to act irresponsibly by lending to people in financial...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-34100","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-8S0","jetpack-related-posts":[{"id":49777,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/payday-loan-industry-using-former-labor-shadow-minister-as-lobbyist\/","url_meta":{"origin":34100,"position":0},"title":"Payday loan industry using former Labor shadow minister as lobbyist","date":"March 27, 2017","format":false,"excerpt":"\r Bernie Ripoll helping National Credit Providers Association argue against stronger protections for borrowersThe payday loan industry is using Labor\u2019s former shadow financial services minister to lobby against stronger protections for vulnerable and low-income borrowers.Consumer advocates have put pressure on the government to act on a promise to tighten regulation\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13020,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-cheers-for-googles-ban-on-payday-loan-ads\/","url_meta":{"origin":34100,"position":1},"title":"Two cheers for Google\u2019s ban on payday loan ads","date":"May 14, 2016","format":false,"excerpt":"\r The search engine\u2019s ban on payday firms charging more than 36% APR is a start, but it needs to do more for the full three cheersSuccessive British governments refused to cap super-high interest rates, which is how we allowed Wonga to charge its poor borrowers up to 5,853%. Then\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":34726,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/where-to-buy-the-must-have-xmas-toys-plus-the-power-to-reduce-energy-bills\/","url_meta":{"origin":34100,"position":2},"title":"Where to buy the must-have Xmas toys, plus the power to reduce energy bills","date":"November 17, 2016","format":false,"excerpt":"\r Also, pension exit fees are capped and how payday loan firms hound vulnerable borrowersHello and welcome to this week\u2019s Money Talks \u2013 a roundup of the week\u2019s biggest stories and some things you may have missed. Continue reading...\r \r Source : theguardian.com\r Read more...Where to buy the must-have Xmas\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":77702,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/legalized-loan-sharking-payday-loan-customers-recount-their-experiences\/","url_meta":{"origin":34100,"position":3},"title":"'Legalized loan sharking': payday loan customers recount their experiences","date":"January 22, 2018","format":false,"excerpt":"\r The Consumer Financial Protection Bureau has ordered a review of rules on short-term loans. Three customers say companies lured them into a trapMick Mulvaney, White House budget director and interim director of the Consumer Financial Protection Bureau, recently announced a review of rules on payday loans. Payday loan companies\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":66762,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/payday-loan-caps-come-into-force\/","url_meta":{"origin":34100,"position":4},"title":"Payday loan caps come into force","date":"January 2, 2015","format":false,"excerpt":"\r New regulations introduced by the FCA mean loans will now be capped at 0.8% a day, as over 1 million borrowers benefitWell over a million people will see the cost of their borrowing fall now that new price caps on payday loans have taken effect.However, early indications are that\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13900,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/small-business-lenders-as-bad-as-payday-loan-firms\/","url_meta":{"origin":34100,"position":5},"title":"Small business lenders 'as bad as payday loan firms\u2019\u00a0","date":"May 22, 2016","format":false,"excerpt":"\r \r \r Source : telegraph.co.uk\r Read more...Small business lenders 'as bad as payday loan firms\u2019\u00a0","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/34100"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=34100"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/34100\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=34100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=34100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=34100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}