Getting an online payday loan is not automated. Although choosing a payday lender with a high approval price helps, your loan can nevertheless be declined. Why?
Changing company models
Prior to the FCA introduced an amount cap regarding the total price of payday loans, significantly more than 50% of lenders profited significantly from belated re re payment along with standard costs. The FCA ended up being determined to alter this by restricting rollovers, default fees and CPA efforts. Continue reading Why Are People Being Denied Payday Advances? Changing company models