In a astonishing first, lovemoney.com defends the charges and prices charged by loan sharks. That is because a few banks that are high-street much worse.
IвЂ™ve been a journalist that is financial January 2003. During this time period, IвЂ™ve condemned numerous poor-value financial loans, specially payment security insurance coverage, extended warranties, shop cards, along with other high-street rip-offs.
Today, in a abrupt U-turn, IвЂ™m going to praise (instead of denounce) payday-loan providers. Because of their mega-high interest levels, these short-term loan providers are usually lumped as well as loan sharks. On the other hand, a few leading banks that are high-street payday-loan providers, home-credit loan providers and loan sharks look definitely charitable.
Forget. Be really afraid!
The loan that is high-street
As an example, right hereвЂ™s a situation where youвЂ™d be kilometers best off planning to a payday-loan provider (or simply also that loan shark?), instead of a bank that is high-street.
Learn how to get free financial obligation advice.