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Like so many people on these forums I too have suffered through my use and misuse of payday loans. At my lowest i had 13 of them yes thats right 13. Thankfully today I am clear of all companies but i truly know the stress and worry dealing with payday lenders causes.

 

Recently there has been alot of talk about banning adverts from payday loans which I do think will help a bit but they will find other ways of getting there message across.

 

I just wish there had been advertising about payday lenders in the same way as smoking adverts are aired. I.e using payday lenders may seriously damage our health and all the horrific tactics they use when someone does default.

 

I think adverts like that would have a bigger impact on the industry than banning the lenders adverts will.

 

its something I intend to raise via e-petition on the governments website in hope that if 100,000 people sign it it will require a dicussion in the house of commons.

 

I will post the link once it has been finalised, hope you will all support the petition.

 

note to admin, if talk about the petition is unsuitable for the forum i will happily delete and apologise in advance if this is the case.

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