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The Broadcast Committee of Advertising Practice (BCAP) is launching a review of how the advertising rules are being applied to payday loan advertising appearing on TV to ensure that young people, in particular, continue to be protected.

Payday loan advertising has attracted concern across society, including Government, media, consumer protection bodies and the public as the use of short-term, high-cost credit has increased during the economic downturn. In that context, BCAP consider it is timely to review how the advertising rules are being applied.

BCAP has published terms of reference, which set out the scope and approach of the review.

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Wonga need to be sanctioned. Ive seen their adverts on morning tv, mostly on random sky channels such as animal planet, dave, discovery. And it's also on various local radio stations that i listen to when im travelling around the country.


Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

:D

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It's a scandal that these companies are still able to operate at all. I thought we had laws against loan sharks.

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Thats why we nickname them legal loan sharks. There is very little regulation. We know one reason why, but it cant be said on CAG. Suffice to say, it wont change, at least not anytime soon.


Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

:D

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