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Cash advance businesses being flouting what the law states

Cash advance businesses being flouting what the law states

Unscrupulous lenders that are online acting outside of the law, our detectives found.

  • Simon Read@simonnread
  • Friday 9 November 2012 21:00 <^moreThanTen>
  • <> Remarks<>

A study of online payday lending internet web web sites carried out final weekend with respect to The Independent unveiled that significantly more than two-thirds of those haven’t any consumer credit licence that is valid.

The sites are breaking the law without a valid licence. The shocking data are really a fresh sign that the sector is spiralling out of hand as increasingly more companies pile in with the expectation of creating an instant money away from struggling individuals.