I thought I had heard some political party was planning to regulate them because of their extortionate interest charges.
I have even seen these companies advertising such loans so you can decorate your house without waiting for payday. I can understand needing to get money urgently in Crisis but never for something that you cold save up for.
As it is, these loans will only be needed by those with already poor credit ratings. who do not have ordinary credit cards.
I cannot understand how they got approval in the first place.
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