Weight To Pocket and Flex Credit launch the payday loan that is 12-month. It does not seem like accountable financing does it?

Weight To Pocket and Flex Credit launch the payday loan that is 12-month. It does not seem like accountable financing does it?

Payday lenders such as weight To Pocket and Flex Credit are getting into the loan that is medium-term with 12-month pay day loans.

Despite force to clean up the industry, payday loan providers providing short-term high interest loans are expanding in to the medium-term loan market by providing 12-month loans at sky-high rates.

A Google that is quick search a raft of businesses providing loans spanning a 12 months at 278per cent APR. These generally include weight To Pocket, Flex Credit and 12monthloans.co.uk.

The loans are marketed in a comparable method to pay day loans: they boast easy online financing decisions, quick transfer of funds and high approval prices. Continue reading “Weight To Pocket and Flex Credit launch the payday loan that is 12-month. It does not seem like accountable financing does it?”