It’s very simple. If your Payday Lender continuously rolled your loan over from month to month, with or without asking your permission and didn’t complete a full affordability check each time, they may have mis sold you that loan.
Do ANY of the following statements apply to you?
- YES, I fell into arrears due to my pay day loans.
- YES, I was using pay day loans to pay for day to day living.
- YES, I paid off my loans in full each month, but re borrowed straight after.
- YES, the loan was a significant part of my income, leaving me short for my bills, mortgage and food.
- YES, I needed to borrow from a different Lender to cover my initial loan repayments.