StepChange Debt Charity response to Ofcom payday loan advertising findings

10 December, 2013

In response to today’s report by Ofcom into the scale of payday loan advertising Peter Tutton, head of policy at StepChange Debt Charity said:

“As payday lenders continue to invest in attracting new customers, we continue to see the number of people struggling with payday loans increase. If the payday loan industry is serious about addressing the harm done to consumers, then it needs to use its resources to tackle the problem of widespread irresponsible lending that is pitching tens of thousands of people into serious financial hardship.”