UFC-Que Choisir has filed a complaint against three mini-credit organizations, contemplating their provides to be misleading advertising and marketing practices. The shopper affiliation is asking for these loans to be regulated to any extent further.
The UFC-Que Choisir has determined to file a complaint against three mini-credit organizations. Consumers’ affiliation accuses them of misleading business practices, experiences Europe 1.
“These organisms are there like vultures”
These corporations provide instant loans of small quantities, to be repaid inside three months, with very excessive rates of interest. Bling, Cashper and Floabank are affected by this complaint. “These organizations are there like vultures. Obviously they help you out, but at a price of gold. It is the abuse of the state of necessity which is shocking.”, Denounced, Thursday, April 29, Alain Bazot on the microphone ofEurope 1.
For the president of UFC-Que Choisir, this type of credit score represents “an exploitation of intolerable misery”. And so as to add: “They say that this credit makes it possible to preserve its financial health when in reality, it will come to burden the budget given the cost which is extremely high.” These organizations profit, in keeping with him, from “hard-pressed customers”.
Loans that escape the principles of shopper credit score
An exploitation all of the extra true in these instances of well being disaster, folks in monetary problem not with the ability to honor their reimbursement. They “will meet again [la cible] harassment practices, firms specializing in debt collection that are without faith or law, “regrets Alain Bazot.
The will of the affiliation is immediately that “these credits are subject to the same rules as traditional credit, with information, a framed rate of wear”. Indeed, these small loans escape the regulation on shopper credit score and are thought of as money and money services. The UFC-Que Choisir subsequently calls on customers to be extraordinarily cautious.