Financial obligation problems with high expense credit services and products from the increase as cash advance problems fall
People information claims cap on payday advances should really be extended to many other high expense credit
Increasing numbers of people are experiencing debts for guarantor loans and lease to possess credit items, people guidance reveals today.
The charity states there has been a change when you look at the cost that is high market due to the fact amount of people looking for assistance for issues with these sub-prime items has increased by 16per cent during the last 12 months (from 1,962 between April and June 2015 to 2,272 in identical period this current year), whilst the amount of people with cash advance financial obligation issues has reduced.
Over the past one year people information aided 7,500 people who have lease to possess financial obligation issues, 1,100 with guarantor financial obligation issues and 460 with logbook loan dilemmas.