In an astonishing first, lovemoney.com defends the charges and prices charged by loan sharks. That’s because several banks that are high-street much worse.
IвЂ™ve been a journalist that is financial January 2003. During this period, IвЂ™ve condemned numerous poor-value lending options, particularly re re payment security insurance coverage, extended warranties, shop cards, along with other high-street rip-offs.
Today, in a u-turn that is abrupt IвЂ™m going to praise (in the place of denounce) payday-loan providers. Because of their mega-high rates of interest, these lenders that are short-term frequently lumped along with loan sharks. Continue reading