Extra guidelines for payday lenders as well as other organizations providing high-cost short-term credit just take impact from 1 July 2014. Learn more about exactly what these loan providers will have to accomplish.

Companies providing high-cost short-term credit must now follow extra guidelines on rollovers, constant re re payment authorities and danger warnings.

These guidelines affect agreements set up on 1 July 2014 and entered into following this date.

Rollover restrictions

Where a debtor cannot pay for to cover back once again a loan numerous loan providers provide the possibility to ???rollover??™ or extend the mortgage. Clic para leer más— »