Tag Archives: Payday
The payday loan industry has undergone enormous improvements during the last couple of years in the UK and around the globe. New legislation was introduced within the UK in just the last couple of years to position limits in what the interest levels might be, how often that loan could possibly be folded over and what the facility charges were. The legislation also restricted the most cost of any payday loan, limiting it to as much as twice the price of the original loan, and nothing more.
These strategies to make the industry more homogenized are now being copied throughout the world. The US has placed into place a unique techniques for moderating a, using approaches much like exactly what the UK has set up. Other countries are considering related measures also.