Quick Quid and Pounds To Pocket the most complained about lenders

By: Credit 4 Everyone0 comments

Pay Day Loan Lenders complaints

When it comes to Pay Day Loans it's supposed to be Hassle free, quick cash when you need it. However, Pay loan lender CashEuroNet is the most complained about business.

Two thirds of complaints upheld against CashEuroNet pay day loans

Complaints against the payday lender trebled to 4,692 in the first six months of the year, said the Financial Ombudsman Service.

More than two thirds of complaints were upheld against the lender.

Pay Day loan lenders complaints

The latest complaints data from the Financial Ombudsman revealed that complaints against payday lenders Sunny and Lending Stream were also upheld at high levels, 65% and 62% respectively.

The Financial Conduct Authority demanding improvements

A year ago, the Financial Conduct Authority wrote to all banking and consumer credit firms, demanding that they improve the way they deal with complaints.

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