Weight To wallet and Flex Credit establish the 12-month payday loan

Payday lenders for example lbs To pouch and Flex credit score rating are stepping into the medium-term financing market with 12-month payday advance loan.

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Despite pressure to clean within the markets, payday lenders providing brief highest interest financial loans is increasing into the medium-term mortgage marketplace by offering 12-month financial loans at sky-high rates.

The loans tend to be marketed in the same way to pay day loans: they boast simple online lending choices, quick transfer of funds and higher approval costs.