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What this means is about 70,000 people will end up struggling to borrow by having a loan that is payday.

What this means is about 70,000 people will end up struggling to borrow by having a loan that is payday.

Published by Dan Base, Financial Information Journalist

What exactly is the worst cash advance horror story you have have you ever heard? Brand brand New FCA guidelines will restrict just exactly what they cost, ideally placing end to your worst instances. The plans are examined by us and whatever they’ll suggest if you wish to borrow.

Today the Financial Conduct Authority (FCA) confirmed some tough brand new guidelines when it comes to cash advance industry which will start working at the beginning of 2015. The FCA have actually stated: “for many of this borrowers that do pay their loans back on time, the limit on costs and charges represents significant protections.
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