23 Mar Let me make it clear about What makes payday advances in addition to the FOS Complaints List?
The Financial Ombudsman provider suggests that payday loans UK were among the list of greatest in the FOS complaints list for upheld complaints when you look at the previous 12 months. Fifty-five per cent of almost three thousand complaints were upheld. This is a new record for complaints produced in the pay day loan sect!
One other kinds to come close had been self-invested individual retirement benefits and repayment security insurance coverage. These had upheld prices of sixty-six % and fifty-seven correspondingly. Nonetheless, they would not receive many complaints as pay day loans into the beginning.