Issues against payday financial institutions need leaped to a five-year high.

Issues against payday financial institutions need leaped to a five-year high. There had been about 40,000 brand-new problems contributed just last year, up a “surprising” 130percent regarding 17,000 the previous yr, the Financial Ombudsman Service said. In excessive instances individuals have come dealt with by have trouble with credit, they said. Temporary loan company business…

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