Best online payday loans

instant loan

NEED EXTRA CASH FOR XMAS?: Payday loan firms send out Xmas texts to lure the financially vulnerable, This is Money

Updated: 17:28 GMT, 29 December 2011

A debt charity is urging consumers to share spam texts from fee-charging debt management companies and loan firms to help expose the dirty marketing technologies used to prey on financially vulnerable people.

Firms send marketing text messages suggesting loans or ‘debt advice’ at random – but the services come at a price.

‘Payday’ loans are designed to tide consumers over until their next wage installment but they come with high levels of interest.

Big problem? The CCCS is urging consumers to share unsolicited text messages from fee-charging debt management firms and loan providers

In one example, the LoansToYou website texted random recipients suggesting a loan that charges £25 in interest for every £100 borrowed per 30 days.

So for example, if you were to borrow £300 for 30 days, you would need to repay £375. An annual percentage rate of 1,737 per cent. If you fail to payback your loan within the agreed time you will also incur further charges.

Free debt advice is available but many commercial firms charge for guidance.

People who need help with their debts are urged to contact free services and avoid using high cost interest loans.

However, with text messages designed to target those fighting the most, the Consumer Credit Counselling Service (CCCS) is worried that spam text messages are not helping.

The CCCS has launched a campagin on Twitter asking users to share unsolicited text messages they receive from firms.

Quick cash: Firms send out marketing messages to consumers via text message

Matt Hartley, a member of the media team at the CCCS, commenced the hash tag #debttext on the social media site after receiving a text from a payday loan stiff, www.LoanToU.com.

The CCCS estimates that there are over 6.2million financially vulnerable households in the UK and that this type of marketing technology is cynically targeted to prey on those whose wallets are tightest.

Matt Hartley, from the CCCS, said: ‘How many of these households are receiving these unsolicited texts? Surely 2012 is going to be hard enough as it is without fee-charging debt management companies and loan firms preying on people like this.’

‘The aim is to find out how big this problem is, and expose some of the marketing practices of debt management and loan companies who are contacting consumers in this way.’

A report by the Information Comissioner’s Office earlier this month exposed that 36 per cent of the 1,014 people it questioned has received a text from a debt management company.

A further 95 per cent said that they find spam texts either inconvenient, concerning or distressing.

This is Money attempted to contact LoanToU but were incapable to get a comment from a representative from the hard.

NEED EXTRA CASH FOR XMAS?: Payday loan firms send out Xmas texts to lure the financially vulnerable, This is Money

Updated: 17:28 GMT, 29 December 2011

A debt charity is urging consumers to share spam texts from fee-charging debt management companies and loan firms to help expose the dirty marketing technics used to prey on financially vulnerable people.

Firms send marketing text messages suggesting loans or ‘debt advice’ at random – but the services come at a price.

‘Payday’ loans are designed to tide consumers over until their next wage installment but they come with high levels of interest.

Big problem? The CCCS is urging consumers to share unsolicited text messages from fee-charging debt management firms and loan providers

In one example, the LoansToYou website texted random recipients suggesting a loan that charges £25 in interest for every £100 borrowed per 30 days.

So for example, if you were to borrow £300 for 30 days, you would need to repay £375. An annual percentage rate of 1,737 per cent. If you fail to payback your loan within the agreed time you will also incur further charges.

Free debt advice is available but many commercial firms charge for guidance.

People who need help with their debts are urged to contact free services and avoid using high cost interest loans.

However, with text messages designed to target those fighting the most, the Consumer Credit Counselling Service (CCCS) is worried that spam text messages are not helping.

The CCCS has launched a campagin on Twitter asking users to share unsolicited text messages they receive from firms.

Quick cash: Firms send out marketing messages to consumers via text message

Matt Hartley, a member of the media team at the CCCS, began the hash tag #debttext on the social media site after receiving a text from a payday loan hard, www.LoanToU.com.

The CCCS estimates that there are over 6.2million financially vulnerable households in the UK and that this type of marketing technology is cynically targeted to prey on those whose wallets are tightest.

Matt Hartley, from the CCCS, said: ‘How many of these households are receiving these unsolicited texts? Surely 2012 is going to be hard enough as it is without fee-charging debt management companies and loan firms preying on people like this.’

‘The aim is to find out how big this problem is, and expose some of the marketing practices of debt management and loan companies who are contacting consumers in this way.’

A report by the Information Comissioner’s Office earlier this month exposed that 36 per cent of the 1,014 people it questioned has received a text from a debt management company.

A further 95 per cent said that they find spam texts either inconvenient, concerning or distressing.

This is Money attempted to contact LoanToU but were incapable to get a comment from a representative from the rigid.

NEED EXTRA CASH FOR XMAS?: Payday loan firms send out Xmas texts to lure the financially vulnerable, This is Money

Updated: 17:28 GMT, 29 December 2011

A debt charity is urging consumers to share spam texts from fee-charging debt management companies and loan firms to help expose the dirty marketing technologies used to prey on financially vulnerable people.

Firms send marketing text messages suggesting loans or ‘debt advice’ at random – but the services come at a price.

‘Payday’ loans are designed to tide consumers over until their next wage installment but they come with high levels of interest.

Big problem? The CCCS is urging consumers to share unsolicited text messages from fee-charging debt management firms and loan providers

In one example, the LoansToYou website texted random recipients suggesting a loan that charges £25 in interest for every £100 borrowed per 30 days.

So for example, if you were to borrow £300 for 30 days, you would need to repay £375. An annual percentage rate of 1,737 per cent. If you fail to payback your loan within the agreed time you will also incur further charges.

Free debt advice is available but many commercial firms charge for guidance.

People who need help with their debts are urged to contact free services and avoid using high cost interest loans.

However, with text messages designed to target those fighting the most, the Consumer Credit Counselling Service (CCCS) is worried that spam text messages are not helping.

The CCCS has launched a campagin on Twitter asking users to share unsolicited text messages they receive from firms.

Quick cash: Firms send out marketing messages to consumers via text message

Matt Hartley, a member of the media team at the CCCS, commenced the hash tag #debttext on the social media site after receiving a text from a payday loan hard, www.LoanToU.com.

The CCCS estimates that there are over 6.2million financially vulnerable households in the UK and that this type of marketing technology is cynically targeted to prey on those whose wallets are tightest.

Matt Hartley, from the CCCS, said: ‘How many of these households are receiving these unsolicited texts? Surely 2012 is going to be hard enough as it is without fee-charging debt management companies and loan firms preying on people like this.’

‘The aim is to find out how big this problem is, and expose some of the marketing practices of debt management and loan companies who are contacting consumers in this way.’

A report by the Information Comissioner’s Office earlier this month exposed that 36 per cent of the 1,014 people it questioned has received a text from a debt management company.

A further 95 per cent said that they find spam texts either inconvenient, concerning or distressing.

This is Money attempted to contact LoanToU but were incapable to get a comment from a representative from the rock hard.

NEED EXTRA CASH FOR XMAS?: Payday loan firms send out Xmas texts to lure the financially vulnerable, This is Money

By Tara Evans 12:34 GMT 29 Dec 2011, updated 17:28 GMT 29 Dec 2011

A debt charity is urging consumers to share spam texts from fee-charging debt management companies and loan firms to help expose the dirty marketing technologies used to prey on financially vulnerable people.

Firms send marketing text messages suggesting loans or ‘debt advice’ at random – but the services come at a price.

‘Payday’ loans are designed to tide consumers over until their next wage installment but they come with high levels of interest.

Big problem? The CCCS is urging consumers to share unsolicited text messages from fee-charging debt management firms and loan providers

In one example, the LoansToYou website texted random recipients suggesting a loan that charges £25 in interest for every £100 borrowed per 30 days.

So for example, if you were to borrow £300 for 30 days, you would need to repay £375. An annual percentage rate of 1,737 per cent. If you fail to payback your loan within the agreed time you will also incur further charges.

Related Articles

Free debt advice is available but many commercial firms charge for guidance.

People who need help with their debts are urged to contact free services and avoid using high cost interest loans.

However, with text messages designed to target those fighting the most, the Consumer Credit Counselling Service (CCCS) is worried that spam text messages are not helping.

The CCCS has launched a campagin on Twitter asking users to share unsolicited text messages they receive from firms.

Quick cash: Firms send out marketing messages to consumers via text message

Matt Hartley, a member of the media team at the CCCS, began the hash tag #debttext on the social media site after receiving a text from a payday loan rock hard, www.LoanToU.com.

The CCCS estimates that there are over 6.2million financially vulnerable households in the UK and that this type of marketing mechanism is cynically targeted to prey on those whose wallets are tightest.

Matt Hartley, from the CCCS, said: ‘How many of these households are receiving these unsolicited texts? Surely 2012 is going to be hard enough as it is without fee-charging debt management companies and loan firms preying on people like this.’

‘The aim is to find out how big this problem is, and expose some of the marketing practices of debt management and loan companies who are contacting consumers in this way.’

A report by the Information Comissioner’s Office earlier this month exposed that 36 per cent of the 1,014 people it questioned has received a text from a debt management company.

A further 95 per cent said that they find spam texts either inconvenient, concerning or distressing.

This is Money attempted to contact LoanToU but were incapable to get a comment from a representative from the rigid.

NEED EXTRA CASH FOR XMAS?: Payday loan firms send out Xmas texts to lure the financially vulnerable, This is Money

Updated: 17:28 GMT, 29 December 2011

A debt charity is urging consumers to share spam texts from fee-charging debt management companies and loan firms to help expose the dirty marketing technics used to prey on financially vulnerable people.

Firms send marketing text messages suggesting loans or ‘debt advice’ at random – but the services come at a price.

‘Payday’ loans are designed to tide consumers over until their next wage installment but they come with high levels of interest.

Big problem? The CCCS is urging consumers to share unsolicited text messages from fee-charging debt management firms and loan providers

In one example, the LoansToYou website texted random recipients suggesting a loan that charges £25 in interest for every £100 borrowed per 30 days.

So for example, if you were to borrow £300 for 30 days, you would need to repay £375. An annual percentage rate of 1,737 per cent. If you fail to payback your loan within the agreed time you will also incur further charges.

Free debt advice is available but many commercial firms charge for guidance.

People who need help with their debts are urged to contact free services and avoid using high cost interest loans.

However, with text messages designed to target those fighting the most, the Consumer Credit Counselling Service (CCCS) is worried that spam text messages are not helping.

The CCCS has launched a campagin on Twitter asking users to share unsolicited text messages they receive from firms.

Quick cash: Firms send out marketing messages to consumers via text message

Matt Hartley, a member of the media team at the CCCS, embarked the hash tag #debttext on the social media site after receiving a text from a payday loan stiff, www.LoanToU.com.

The CCCS estimates that there are over 6.2million financially vulnerable households in the UK and that this type of marketing mechanism is cynically targeted to prey on those whose wallets are tightest.

Matt Hartley, from the CCCS, said: ‘How many of these households are receiving these unsolicited texts? Surely 2012 is going to be hard enough as it is without fee-charging debt management companies and loan firms preying on people like this.’

‘The aim is to find out how big this problem is, and expose some of the marketing practices of debt management and loan companies who are contacting consumers in this way.’

A report by the Information Comissioner’s Office earlier this month exposed that 36 per cent of the 1,014 people it questioned has received a text from a debt management company.

A further 95 per cent said that they find spam texts either inconvenient, concerning or distressing.

This is Money attempted to contact LoanToU but were incapable to get a comment from a representative from the stiff.

Related movie: Payday Express Prompt Payday Loans up to $1,000



Leave a Reply

Your email address will not be published. Required fields are marked *