Loan providers court controversy that is new deceptive loan prices

Loan providers court controversy that is new deceptive loan prices

Marketing lures and credit that is punishing are prompting requires tighter legislation of lenders

Article bookmarked

Find your bookmarks in your Premium that is independent section under my profile

British consumers are spending millions a lot more than they anticipate for unsecured loans because the space between advertised and interest that is actual on such borrowing grows.

Leading UK loan providers are marketing fixed-interest rates on an average loan of £9,000 at between 2.8 % and 4.9 %.