The National Consumer Council, which was recently renamed Consumer Focus following a merger, has reported that it is not part of a relatively new website that was set up to help consumers find the cheapest doorstep lenders. The reports indicate that the consumer watchdog is trying to distance itself from the website, which was set up earlier this year by the Competition Commission to help people to find the most competitive doorstep lender in a climate where an increasing number of consumers have had to turn to these lenders. (more…)
Posts Tagged ‘doorstep lenders’
NCC cuts ties with doorstep lending site
Wednesday, December 31st, 2008
Don’t take loans from doorstep lenders
Sunday, June 22nd, 2008With many consumers unable to get their hands on an affordable loan due to the restrictions that have come about from the global credit crunch, many are turning to more expensive methods of trying to bridge the gap each month when they find that their income does not cover their outgoings. According to some officials many of those unable to get finance elsewhere due to poor credit or low incomes are turning to doorstep lenders and paying a fortune in order to borrow money. (more…)
The High Cost Of Doorstep Credit
Friday, March 16th, 2007There are many people who find it difficult to get credit. People with a poor credit history, with defaults, arrears and County Court Judgements (CCJs) may find that credit card companies and banks prefer to avoid them. That’s why it can seem very attractive when someone is willing to overlook their financial history and give them the loan they desperately need. (more…)
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