Marketing mayhem
The us government might have set restrictions on pay day loan fees and interest, however the tighter legislation doesn’t appear to be deterring the lenders. Payday loan provider marketing is extensive – specially on the web – and seems to be growing. Within the UK, the Financial Conduct Authority has clamped down on deceptive pay day loan marketing – especially ads focusing on teenagers.
The prices for any other advertisers that are prominent a whole lot worse.
Payday loan provider pages
Sunshine Loan Centres
The advertising states “you’ve arrived at the best spot if you’d like between $100 and $1500 quickly”, and guarantees to “work down a payment plan that fits your allowance”.