PPI Claim News - 10/9/2012
Vulnerable and poor people 'eligible to make payday loan claims'
Vulnerable members of the public who will be unable to afford the loan charges incurred through payday loans may find they are still eligible to make loan claims through payday lenders.
Writing for the Guardian, Heydon Prowse, who writes and stars in BBC3 show The Revolution Will Be Televised, explained that he used to work for a payday loan firm called Provident Financial Group.
He revealed that in a sketch for the show, his business partner Jolyon Rubinstein visited a number of payday loan companies pretending to be a "simpleton".
Mr Rubinstein acted like he had to make a payday loan claim because of gambling and drug debts, while informing the lenders that he had "just been released from a mental asylum", Mr Prosse said.
"Without exception, he was offered the option to apply for loans - one of £5,000 on the condition he pay back £11,398," he revealed.
The government recommends that people only use payday lenders if they are aware of all the costs and loan charges involved in this form of credit.
Amir specialises in personal loans, consumer debt and debt management
blog comments powered by