Pawnbroker warns probe could spark loan shark rush

Pawnbroker warns probe could spark loan shark rush

Your head of Britain’s biggest pawnbroker has stated legislation on money loans dangers pressing some individuals to loan sharks in front of Christmas time.

It comes down after H&T unveiled that the town watchdog ended up being reviewing the term that is short loans it offered and might ask it to pay for settlement.

Boss John Nichols said the company would assist regulators but that its cash-strapped clients would be impacted.

It offers stopped providing temporary money loans although the review is performed.

Mr Nichols stated he hoped these money loans, that are split to pawnbroking and typically amounted to about Р’Р€500, will be available once more from January. Continue reading Pawnbroker warns probe could spark loan shark rush