Debt problems with payday loans doubles in one year

AS the new payday lending customer charter is launched, Citizens Advice bureaux across the country are today releasing new figures demonstrating a worrying increase in the number of serious debt cases relating to payday loans.

The Citizens Advice service has seen a ten-fold increase in the proportion of clients receiving casework help with multiple debts which included a payday loan debt in the last four years. In the first quarter of 2009/10 only 1 per cent of CAB debt casework clients had at least one payday loan and in the same quarter last year this had risen to 4 per cent. In the same quarter this year, 10 per cent had at least one payday loan.

Advice given by Thurrock Citizens Advice Bureau, included: which debts to prioritise, a client’s right to stop payday lenders taking money straight out of their bank account and negotiating a manageable repayment plan with the lender on a client’s behalf.

Thurrock CAB is calling on people who have taken out pay day loans to take part in a national survey to monitor whether payday lenders are sticking to their self-regulating charter. The year-long survey will ask payday loan customers questions including:

Q: Did the lender ask you to provide documents about your personal finances and general situation to check that you could afford to pay back the loan?

Q: Did the lender tell you that a payday loan should not be used for long term borrowing or if you are in financial difficulty?

Q: Did the lender offer to freeze interest and charges for you if you make payments under a reasonable repayment plan?

The survey will run on the Citizens Advice Adviceguide website at: http://www.adviceguide.org.uk/dialogue_payday_loan_survey

Participants will also be able to fill in template letters to inform the payday loan company of their situation and experience of taking out a payday loan. Citizens Advice will report initial findings from the survey in spring 2013.

Thurrock Citizens Advice, Chief Officer Mike Rawlings said:

“We want our clients to help us hold payday lenders to account. For too many people payday loans are a fast but dangerous way to borrow money. Quick cash payouts can have damaging long-term consequences.

“We’ve seen problems relating to payday loans rise significantly over the last four years and we’re worried that this will only increase as more people feel the squeeze. Christmas can be a particularly expensive time, but January always comes and we urge people not to get stuck with a Christmas debt hangover and seek budgeting advice from Thurrock Citizens Advice Bureau now.”

Thurrock Citizens Advice Bureau is urging anyone who is experiencing difficulties with a payday loan or considering taking one out to visit the bureau and seek advice about alternatives.

77 Responses to "Debt problems with payday loans doubles in one year"

  1. Pingback: Debt problems with payday loans doubles in one year – YOURTHUROCK | Payday Cash Report - No Fax Payday Loans

  2. Pingback: Debt problems with payday loans doubles in one year – YOURTHUROCK | Short Term Loan Center - No Fax Payday Loans

  3. Pingback: Council warns residents not to use payday loan companies this Christmas – 24dash (press release) | Short Term Loan Center - No Fax Payday Loans

  4. Pingback: Council warns residents not to use payday loan companies this Christmas – 24dash (press release) | Payday Cash Report - No Fax Payday Loans

  5. Pingback: Get Payday Loans in 3 Easy Steps from UK’s Best Payday Lenders | Dec 14, 2012 – SBWire (press release) | Short Term Loan Center - No Fax Payday Loans

  6. Pingback: Get Payday Loans in 3 Easy Steps from UK’s Best Payday Lenders | Dec 14, 2012 – SBWire (press release) | Payday Cash Report - No Fax Payday Loans

  7. Pingback: LimitlessLoans.com Demystifies the World of Payday Lending | Dec 14, 2012 – SBWire (press release) | Short Term Loan Center - No Fax Payday Loans

  8. Pingback: LimitlessLoans.com Demystifies the World of Payday Lending | Dec 14, 2012 – SBWire (press release) | Payday Cash Report - No Fax Payday Loans

  9. Pingback: alizum.ru

  10. Pingback: ulconsul.ru

  11. Pingback: izotertube.ru

  12. Pingback: strizh34.ru

  13. Pingback: More

  14. Pingback: main site

  15. Pingback: url

  16. Pingback: Anonymous

  17. Pingback: Site

  18. Pingback: Read more

  19. Pingback: mine site

  20. Pingback: url site

  21. Pingback: asianthaijapanese.adult-porn-photos.com

  22. Pingback: Go link

  23. Pingback: Pix link

  24. Pingback: Homepage

  25. Pingback: www

  26. Pingback: Source

  27. Pingback: escort.abudhabihottestgirls.com

  28. Pingback: Video site

  29. Pingback: See site

  30. Pingback: See me

  31. Pingback: Link

  32. Pingback: Click here

  33. Pingback: See link

  34. Pingback: meatwest.ru

  35. Pingback: Website

  36. Pingback: Pic link

  37. Pingback: Origin

  38. Pingback: Video link

  39. Pingback: Origin site

  40. Pingback: feed

  41. Pingback: Web

  42. Pingback: Go site

  43. Pingback: My homepage

  44. Pingback: My homepage ixfap ru

  45. Pingback: Go site nudepics irkburo ru

  46. Pingback: See video babes alipornx com

  47. Pingback: carfuck nakedgirlfuck com

  48. Pingback: More nude freeanalz com

  49. Pingback: My homepage hotxxmom com

  50. Pingback: Origin sochi1mt ru

  51. Pingback: hotpics tuel-spb ru

  52. Pingback: Homepage analka jivetalk org

  53. Pingback: Pic link anektub ru

  54. Pingback: See link privatepics sexviptube com

  55. Pingback: Source pornpics sleepingbitch com

  56. Pingback: See me navifact ru

  57. Pingback: mine site alipornx com

  58. Pingback: dadlook nakedgirlfuck com

  59. Pingback: See me biglips nakedgirlfuck com

  60. Pingback: mine site teens hotxxmom com

  61. Pingback: Read more dubaipornx com

  62. Pingback: See video bigcock nakedgirlfuck com

  63. Pingback: Video site seowm ru

  64. Pingback: alisextube com

  65. Pingback: See link medicalfuckers com

  66. Pingback: main site bestfreeanal com

  67. Pingback: xxxpics sleepingbitch com

  68. Pingback: feed sexfuck mysexydownload com

  69. Pingback: Pix link privatepics tuel-spb ru

  70. Pingback: Site samtube ru

  71. Pingback: Go site ruporn asshotsexx com

  72. Pingback: See link casamia nakedgirlfuck com

  73. Pingback: plak-art ru

Leave a Reply

Your email address will not be published.