Loans

Average payday loan size is approximately £300 Two-thirds of borrowers have annual incomes below £25,000 Typical customers 49% male and 51% female 51% 49% 86% of payday users have a credit card and 31% have maxed it out 86% 31% Confirm Lender is Regulated : Check that your lender is approved by an industry body, such as the Finace and Leasing Association or Consumer Finance Association. Also make sure that it conforms to the Office of Fair Trading's Responsible Lending Guidelines. IC Check for Hidden Fees s Many Payday lenders will not give you a full rundown of all the processes and charges involved. For example,if you roll payments over are extra charges involved? Don't get caught out.