Which Way to Pay Looks out for Consumers and Does the Research for Them
According to Consumer Focus estimates, 1.2 million consumers in the United Kingdom turned to payday loans in 2009, the latest year estimates are available for. The Office of Fair Trading formally reviewed this industry also and found that £900 million was taken out in payday loans in 2008 with an estimated £1.8 billion being lent to consumers in 2012.
Which Way to Pay Compares and Reviews Payday Loans to Simplify Consumer Decisions
Payday Loans vary greatly in terms of their interest rates, with some companies charging as little as 199 percent and others charging rates of 5353 percent or more. Consumers frequently turn to loans of this type when they find they need cash fast, but it's wise to research different providers to get the best deal possible. The same is true of Foreign Exchange, trading, investments, cards, insurance services and more.