Are you due money back?
Over the last 6 years, the popularity of payday loans has continued to increase rapidly. As the financial crisis put many hardworking people under unbearable pressure to make ends meet, obtaining more conventional forms of credit were simply not an option. Payday loans are frequently advertised as a trouble free, quick and easy way to access money, regularly used as a ‘quick fix’ in order to resolve a short-term problem. Payday loans were designed to be a fix for a short-term problem, however the reality in many instances is that the consumers relationship with the payday lender was not short term and in fact became a constant in their lives.
Although the adverts show the lender as a hero, things aren’t always as good as they first seem. Due to the lending being so easily accessible, the message of a law binding responsibility can be lost in translation. Traditionally, payday loans can lead to a snowball effect of debt due to the extremely high interest rates and regular accessibility to instant funds.
If your payday loan(s) left you in financial difficulty, we can help to claim a refund from your payday lender in respect of their irresponsible lending