Dec15

Weight To wallet and Flex Credit release the 12-month cash advance

Payday loan providers such lbs To pouch and Flex credit score rating become moving into the medium-term mortgage market with 12-month payday advance loan.

Despite force to clean in the industry, payday loan providers promoting brief higher interest debts become increasing in to the medium-term loan industry through providing 12-month debts at sky-high rates.

An easy Bing research shows a raft of businesses promoting financial loans spanning a year at 278percent APR. Some examples are weight To Pocket, Flex Credit and 12monthloans.co.uk.

The financial loans were marketed similarly to payday loans: they offer effortless online lending choices, fast move of funds and highest approval rate. Continue reading