Financial obligation issues with high expense credit services and products in the increase as pay day loan problems fall

Financial obligation issues with high expense credit services and products in the increase as pay day loan problems fall

Today more and more people are struggling with debts for guarantor loans and rent to own credit products, Citizens Advice reveals.

The charity claims there’s been a change within the high expense credit market since the number of individuals looking for assistance for issues with these sub-prime services and products has increased by 16per cent throughout the last 12 months (from 1,962 between April and June 2015 to 2,272 in identical duration this season), even though the amount of people with cash advance financial obligation issues has reduced. (mehr …)