Let me make it clear about exactly why are a lot of lenders that are payday into management?

Let me make it clear about exactly why are a lot of lenders that are payday into management?

“There will only be four main payday loan providers operating within the sector.”

This is the claim created by the Financial Conduct Authority (FCA) back 2014, when I sat in a seminar that is crowded surrounded by other payday loan providers and agents. Because of the FCA taking over through the workplace of Fair Trading that 12 months, many industry players had been anticipating a shake-up as directors of cash advance businesses and I also huddled into this space hoping to get some understanding of the pending legislation. Continue reading “Let me make it clear about exactly why are a lot of lenders that are payday into management?”