Pay day loan costs limit takes effect. a limit from the price of pay day loans enforced because of the City regulator has come right into impact.

Pay day loan prices are going to be capped at 0.8per cent per of the amount borrowed, and no-one will have to pay back more than twice the amount they borrowed day. The Financial Conduct Authority (FCA) stated those struggling to repay must be avoided from taking right out such loans. Many payday loan providers […]