Payday loan providers nevertheless failing woefully to perform credit checks on all borrowers

Some payday loan providers continue to be failing woefully to perform fundamental checks to be sure borrowers are able to afford to spend their loans back, new people guidance studies have uncovered.

More than a quarter of cash advance borrowers (27%) whom taken care of immediately a study by people Advice stated they certainly were maybe perhaps not, or could perhaps perhaps not remember being asked any queries about their financial predicament or capability to settle whenever taking out fully a loan. Read more