The City watchdog has taken aim at high-cost credit firms who try to tempt struggling borrowers into taking out large, expensive loans. In some cases, lenders have enticed customers into borrowing more by suggesting they could use the additional cash to go on exotic holidays. The Financial Conduct Authority has […]
highcost
City watchdog looks to extend payment holidays on high-cost credit
Customers unable to keep up with high-cost credit payments may not have to pay anything until November under new guidance from the City watchdog. The Financial Conduct Authority has proposed to extend payment freezes due to end this month for a further three months to October 31. The extension will cover all companies that offer […]