We aim to make our website as accessible as possible. However if you use a screen reader and require debt advice you may find it easier to phone us instead. Our phone number is 0 8 0 0 1 3 8 1 1 1 1. Freephone (including all mobiles).
StepChange Debt Charity logo

Payday loan debate highlights need for change

12 July, 2012

In response to today’s House of Commons debate on the High Cost Credit Bill, StepChange Debt Charity Peter Tutton said:

“Today’s debate on payday loan regulation represents another welcome step towards addressing the widespread problems that exist within the payday lending industry. Whilst we would have liked to see the Bill progress today, it once again highlights the obvious public concern about the issue and the clear need for change. 

“What is needed now is a clear response from the payday loan industry that demonstrates that it is serious about addressing these widespread problems. 

“We believe the Office of Fair Trading (OFT) should now issue a detailed progress report on how it plans to address the harm to consumers caused by payday loan companies.”

Contact the the StepChange news team on:

Tel: 0207 391 4598

Mobile: 079507 880 478

Email: press@stepchange.org

Follow our press team on Twitter: @StepChange

Helping you become debt free...

“I wish to thank your staff for all the great help they gave me when I was in so much debt.
They were a pillar of support to me.” (Leslie, Essex)

Foundation for Credit Counselling Wade House, Merrion Centre, Leeds, LS2 8NG trading as StepChange Debt Charity and StepChange Debt Charity Scotland. A registered charity no.1016630 and SC046263. It is a limited company registered in England and Wales (company no:2757055). Authorised and regulated by the Financial Conduct Authority.

We link to external websites where they contain relevant information for our visitors. We're not responsible for the content of these websites, or any infringement on your data rights under data protection regulations by any external website provider.

*This is the average rating of our service based on the StepChange reviews on Feefo by DMP and DRO clients three months into their solution.

© StepChange Debt Charity 2019