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Financial obligation difficulties with high expense credit items in the rise as pay day loan problems fall

Financial obligation difficulties with high expense credit items in the rise as pay day loan problems fall

Today more and more people are struggling with debts for guarantor loans and rent to own credit products, Citizens Advice reveals.

The charity claims there’s been a change within the cost that is high market once the number of individuals searching for assistance for issues with these sub-prime services and products has increased by 16per cent during the last 12 months (from 1,962 between April and June 2015 to 2,272 in identical duration in 2010), whilst the number of people with cash advance financial obligation issues has reduced. Continue reading Financial obligation difficulties with high expense credit items in the rise as pay day loan problems fall