Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

Loan charges: Payday lenders target vulnerable students

The National Union of Students (NUS) is calling for tougher rules to prevent payday lenders from targeting vulnerable students, according to a report by the Guardian.
This comes after the organisation revealed that one in ten students who have children have had to take out a payday loan to get through university of college, leading them open to expensive loan charges.

Research suggests that across all students only six per cent have used payday loans, but this grows to ten per cent among student-parents.

"It's immoral for payday lenders to target students – they're an especially vulnerable group because of the low levels of income they have to live on," Pete Mercer, NUS vice-president for welfare told the Guardian.

"If students are in need of financial support, they should contact their university and apply for a hardship fund."

Recently a former student riddled with debt committed suicide after writing a note on the back of a bank statement, indicating the trauma that money troubles can cause young people in education.

Amir Hussain

Amir specialises in personal loans, consumer debt and debt management.ADNFCR-2776-ID-801501768-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 
Post Code 
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 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