The Scotsman

Doorstep loan protection call

-

People taking out a doorstep loan should have the same protection­s as payday loan customers, according to Citizens Advice.

More than 1.6 million people use these loans in the UK, making it one of the largest high-cost credit markets, the charity said.

Charity leaders said the Financial Conduct Authority’s clampdown on the payday loans market in recent years had been a big success, meaning consumers generally are paying less for loans and are more able to repay on time.

Newspapers in English

Newspapers from United Kingdom