FCA payday loan caps: Your FAQs answered

What is the payday loan horror that is worst tale you have heard? Brand brand brand New FCA guidelines will restrict exactly exactly what they cost, ideally placing a final end to your worst situations. The plans are examined by us and whatever they'll suggest if you want to borrow.

Today the Financial Conduct Authority (FCA) confirmed some tough brand new guidelines when it comes to cash advance industry which will activate at the beginning of 2015.

The FCA have actually stated: "for some of this borrowers that do spend back once again their loans on time, the limit on charges and charges represents significant defenses."

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