Payday loan providers slammed for poor practice

Jess Bown
payday loans
payday loans

Payday loan providers are flouting the Consumer Credit Act, sharing customers' personal information without their consent and misleading people about the cost of their borrowing, according to a new investigation from consumer champion Which?.

It has reported two lenders to the Office of Fair Trading (OFT) after finding the sector, which targets potentially vulnerable consumers struggling to make ends meet, riddled with poor practice.