Payday lenders such as Pounds To Pocket and Flex Credit are getting into the loan that is medium-term with 12-month pay day loans.

Payday lenders such as Pounds To Pocket and Flex Credit are getting into the loan that is medium-term with 12-month pay day loans.

Despite force to completely clean the industry up, payday loan providers providing short-term high interest loans are expanding in to the medium-term loan market by providing 12-month loans at sky-high prices.

A G gle that is quick search a raft of businesses providing loans spanning a 12 months at 278per cent APR. These generally include weight To Pocket, Flex Credit and 12.

The loans are marketed in a way that is similar pay day loans they boast easy online financing decisions, fast transfer of funds and high approval prices. Continue reading “Payday lenders such as Pounds To Pocket and Flex Credit are getting into the loan that is medium-term with 12-month pay day loans.”