Some to children who are barely old enough to walk in Lambeth, Speedy Cash operatives dressed as kangaroos hand out leaflets. Photograph: Ed Davie
The booming cash advance industry shows a simple failure to safeguard our many vulnerable citizens from exploitation. Loan providers whom charge massive multiples of great interest dominating our high roads is bad sufficient, however now some loan that is payday are aggressively advertising and marketing via young ones and pressing criteria to an innovative new low.
In Lambeth’s deprived Coldharbour and Ferndale wards, fast money operatives dressed as cuddly kangaroos hand out candies and balloons to kiddies, along side leaflets marketing its loans, which typically charge significantly more than 1,400per cent APR. Continue reading “Councils have to break down on cash advance businesses”