Pupils: pay day loans aren’t your sole option

Pupils: pay day loans aren’t your sole option

A number that is worrying of are switching to payday advances – they need to understand there are more solutions

If you’re counting down the times until your student that is next loan, think hard before switching to pay day loans web sites. Photograph: Alamy

If you’re counting along the times until your next education loan repayment, think hard before switching to payday advances internet sites. Photograph: Alamy

Final modified on Wed 7 Jan 2015 11.01 GMT

T he top testimonial for pay day loan business Smart Pig is from somebody without having a surname, whom declares in block capitals: “ Everyone loves you Smart-Pig! You might be my pig that is favourite ever! Whom requires Peppa whenever you’re in my own life!”

“Noor” has demonstrably just came across pigs prepared to offer her a 782% representative APR loan, the full 1% even even worse compared to the offer from Smart Pig.

Smart Pig is merely certainly one of range high interest payday loan providers now providing their solutions to pupils. Their ads, which were reported to your Advertising guidelines Agency (ASA), highlight prizes you will get both hands on, such as the chance to “win a term’s rent”. Continue reading “Pupils: pay day loans aren’t your sole option”