Speedeloans says misconceptions over payday loan providers are “lies, damn lies, and data”

Speedeloans says misconceptions over payday loan providers are “lies, damn lies, and data”

Headlines trumpeting interest that is astronomical and tales of payday loan providers preying on susceptible borrowers are “lies, damn lies, and statistics”, claims Gary Miller-Cheevers, CEO from speedeloans.

In a declaration released today, Mr. Miller-Cheevers describes: “There are lots of misconceptions about payday loan providers and lots of strange data which can be interpreted adversely to portray all payday loan providers whilst the crooks. While we accept that sadly there are unscrupulous loan providers available to you, utilized responsibly, this type of borrowing may be an economical means of accessing a temporary loan.

“The press want to bandy all over APR’s that the OFT make us quote, and phone them interest levels of 3,000per cent to 4,000per cent. Continue reading “Speedeloans says misconceptions over payday loan providers are “lies, damn lies, and data””