Some to children who are barely old enough to walk in Lambeth, Speedy Cash operatives dressed as kangaroos hand out leaflets. Photograph: Ed Davie
The booming loan that is payday shows a simple failure to safeguard our many vulnerable citizens from exploitation. Lenders whom charge massive multiples of great interest dominating our high roads is bad sufficient, nevertheless now some payday loan businesses are aggressively marketing and advertising via kids and pushing criteria to a unique low.
In Lambeth’s deprived Coldharbour and Ferndale wards, fast money operatives dressed as cuddly kangaroos hand out sweets and balloons to kiddies, along side leaflets marketing its loans, which typically charge significantly more than 1,400per cent APR. They presumably hope the kids, some hardly of sufficient age to walk, will deliver their leaflets to the arms of economically parents that are hard-pressed. Continue reading “Councils have to split straight straight down on cash advance businesses”