Martin Lewis: Claim now on payday advances if perhaps you were mis-sold
As you raise the case within six years of taking out the loan if you believe you were mis-sold, you can reclaim вЂ” as long
ThereвЂ™s a hidden clock ticking for anyone whoвЂ™s possessed a loan that is payday.
If, like many, you had been mis-sold one of these brilliant usually 1,000%+ APR debts, act quickly or perhaps you might lose out on reclaiming ВЈ100s or ВЈ1,000s.
Payday lending, since the true title indicates, is meant to suggest borrowing ВЈ100-ВЈ1,000 to tide individuals over until next payday.
Yet itвЂ™s usually been a hideous misery-inducing industry; pushily marketed as a quick-fix solution, not only as important cash for say a crisis broken refrigerator, but moneyвЂ™s been lent without due look after unneeded investing or to fund gambling.
For most, payday advances certainly are a concept that is flawed.