As soon as the FCA arrived on the scene with regards to brand brand new, strict laws, numerous predicted the pay day loan market would crash. In reality, the exact opposite has happened! This short article explores the way the laws have in fact actually enhanced payday advances.
For decades, there has been warnings of doom and gloom for the cash advance sector. Men and women have for ages been fast to dismiss payday advances as forms of lending that can’t be sustainable. So when the FCA made a decision to impose regulations that are new everyone else thought those predictions would show real. Continue reading “Once the FCA arrived using their brand new, strict laws, many predicted the pay day loan market would crash.”