Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

 
PPI refunds: Discrepancy between payday loan beliefs revealed

With payday loan charges a significant topic of discussion at present, a survey conducted by YouGov on behalf of the Consumer Finance Association (CFA) has revealed there is a large discrepancy between the attitudes of the users of these financial products and politicians.

It found 89 per cent of these lenders' customers believe fees and expenses are explained properly to them when they make a payday loan claim, compared with 12 per cent of policymakers.

Furthermore, 93 per cent of customers feel the lenders of these products treat them with respect and dignity, compared with just five per cent of politicians.

The survey, which involved the polling of 300 members of parliament and 300 individuals who use payday lenders, also discovered the average annual income of a person who takes out one of these loans is £17,582.

People could be using these companies because it is more convenient than making credit card claims or finding money from other sources, the CFA claimed.

"In the last couple of years, payday loans have become a lot more mainstream," Moneymagpie.com founder Jasmine Birtles recently said.

Charles Baker
Charles is a reputed financial analyst with decades of experience under his belt.ADNFCR-2776-ID-801349957-ADNFCR



Bookmark and Share
Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Town
County
Post Code 
Email 
Circumstances
Claim Back Mis-Sold PPI Button

Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website www.gov.uk/moj/cmr number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B11, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

Please note that calls may be monitored for the purposes of staff training.

* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide