Jan 21st 2013
Labour MP supports Pay Day Loans Campaign
Labour MP Sandra Osborne is supporting measures to control companies who are involved in the Pay Day loan sector.
Sandra said:
In 2013 average household energy bills are expected to reach an all-time high. The cost of food and travel also continues to rise, so it is little wonder that more and more people are turning to Pay Day loan companies to make ends meet.
Sandra said:
Pay Day loans are a toxic form of finance and people should be very wary of them.
Sandra said that she understood that the Government intend to limit the prices credit companies such as those who offer Pay Day loans can charge. However she is disappointed that this measure will not be introduced until 2014.
Sandra said:
I am unhappy that the Government are waiting until 2014 before they put more control on Pay Day loan companies. I am therefore joining with other Members of Parliament to call for clear guidelines to be issued this year which have a message that Pay Day loan companies should stop hammering people who take out loans with them by charging exorbitant levels of interest.
For more details
Contact Sandra Osborne on 01292 262906
ere to edit.
Labour MP supports Pay Day Loans Campaign
Labour MP Sandra Osborne is supporting measures to control companies who are involved in the Pay Day loan sector.
Sandra said:
In 2013 average household energy bills are expected to reach an all-time high. The cost of food and travel also continues to rise, so it is little wonder that more and more people are turning to Pay Day loan companies to make ends meet.
Sandra said:
Pay Day loans are a toxic form of finance and people should be very wary of them.
Sandra said that she understood that the Government intend to limit the prices credit companies such as those who offer Pay Day loans can charge. However she is disappointed that this measure will not be introduced until 2014.
Sandra said:
I am unhappy that the Government are waiting until 2014 before they put more control on Pay Day loan companies. I am therefore joining with other Members of Parliament to call for clear guidelines to be issued this year which have a message that Pay Day loan companies should stop hammering people who take out loans with them by charging exorbitant levels of interest.
For more details
Contact Sandra Osborne on 01292 262906
ere to edit.