The guidance comes after payday lender
Wonga recently launched a new advertising campaign featuring "hard-working dinner ladies and mums" after ditching its controversial puppet ads.
The UK's biggest payday lender
, Wonga, is shedding 325 jobs due to the impact the rules have on its profit.
Recurring payments A recurring payment (otherwise known as a continuous payment authority) lets the payday lender
take money directly from your account on the repayment date.
Abaz Pty Ltd (Abaz), which offers loans nationally through the www.
Its findings suggest that someone who is turned away by a payday lender
is twice as likely to go a loan shark as they are to seek help from a credit union.
This basically gives the payday lender
the right to dip into your bank account or credit card and take your money.
If you have problems |with your payday lender
, there are steps you can take to make a complaint
If you experience this keep a record of all of the phone calls (including the date and time and whether you were called at home or at work) and may just be the correspondence collectors present it to the payday lender
in the first instance.
4makinG 4 MAKING A COMPLAINT ABOUT A PAYDAY LENDER
IF YOU have a problem with a a complaint ABOUT A PAYDAY LENDER
IF YOU have a problem with a licensed payday loan company, you should complain to the company in the first instance.
a complaint about a PAYDAY LENDER
4making IF YOU have a problem with a licensed payday loan company, you should complain to the company in the first instance.
A TENANT has endorsed a housing firm's fair loan scheme after nearly falling prey to a high interest payday lender
Often it is cheaper to borrow from a payday lender
than to dip into an unauthorised overdraft or to take out a lengthy bank loan but these basic facts appears to be lost on policymakers.