Ombudsman gets 50 brand new pay day loan complaints per month

Ombudsman gets 50 brand new pay day loan complaints per month

The Financial Ombudsman provider stated it had seen a substantial increase in how many cash advance complaints in 2010.

The Financial Ombudsman provider (FOS), which resolves disagreements between organizations and folks, stated it had gotten 271 brand new complaints concerning pay day loans between April and September.

By comparison, the Ombudsman received 296 complaints for the entire associated with final monetary 12 months. The solution happens to be finding eight away from 10 cash advance complaints in favour of the customer.

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