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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.”

StepChange Debt Charity news contacts

Contact the StepChange news team on:

Tel: 0207 391 4598

Mobile: 07985 404 153

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.

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© StepChange Debt Charity 2016