New free tool to help millions claim refunds from payday lenders for unaffordable loans

Industry News | 26/10/18

A new free tool aimed at helping payday loan customers claim compensation has launched. Last week, the city watchdog warned that millions may be due refunds from payday loan firms – which charge up to 6,000 per cent – after being given unaffordable loans.

The free-to-use website allows anyone who has ever taken out a payday loan or is still paying off debts to a lender to raise a complain directly to their lenders. The service has been set up by consumer campaigner Alan Campbell – a multi-millionaire businessman and consumer campaigner.
Source: The Sun