Tag: lenders

High-cost lenders using ‘exotic holidays’ to encourage debt

Image copyright Getty Images High-cost lenders are using pictures of holidays and “nudge” tactics to encourage vulnerable people to take on more debt, the finance watchdog says. The Financial Conduct Authority found borrowers were getting into financial trouble after taking on extra credit. Lenders are accused of poor practice by using online accounts and apps to encourage consumers to borrow… Read more →