Payday Loan Comparison Site Supports Regulator Call for More Independent Price Comparison Services
The Competition and Markets Authority (CMA) carried out an investigation into the costs of different payday loan lenders and found that a lack of competition could cost a customer anything up to £60 per year. It has put forward a recommendation that an independent price comparison service is launched so consumers have the opportunity to do a direct comparison across all lenders before making a decision who they apply to.
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