Payday Loan Refunds
For my UK friends, here’s some very good news regarding a refund for Dollar Financial payday loan borrowers.
Dollar Financial has been forced to refund more than £15.4m to 147,000 customers.
After an investigation into Dollar Financial the FED’s ruled that between April 2014 and April 2015 – after implementation of harsh new lending rules – Dollar customers “may have suffered detriment as a result of the firm’s affordability checks, debt collection practices and systems errors.”
Dollar Financial owns The Money Shop and internet loan firms Payday UK, Payday Express and Ladder Loans.
As a result of this government fine, Dollar Financial has changed its lending criteria to meet the Financial Conduct Authority’s rules for high cost short term lenders.
Are you buried under payday loan debt? Struggling to payback your payday loan lenders? No more need to fret. Get my new book, “18 Ways to Kiss Your Payday Loan Lender Goodbye,” and kiss off your payday loan lenders legally!