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9 Things You Might Not Know About Short-Term Loans

Dear Customer,
In light of the current COVID-19 we will not be accepting any new loan applications. The well-being of our customers is of absolute priority and therefore we ask you to contact us via chat, email or phone if you have an existing account and require any help.

Many customers will be faced with income interruptions as a result of this crisis and so therefore we are recommending that you refer here for useful advice: https://www.moneyadviceservice.org.uk/en/articles/coronavirus-what-it-means-for-you

9 things you didn't know about short-term loans

The Payday Loans industry has been in the news a lot recently. Admittedly, not everything has been positive.

However, at Ferratum, as our role as a reputable and responsible lender, we like to present you with the facts. So, as such, we’ve put together this neat graphic that illustrates the current state of the Payday Loans industry.

All statistics in this graphic have been sourced from the Telegraph newspaper.

In addition, we are able to compare payday loans with one of the UK’s “leading lenders” – Wonga. As you can see, Wonga’s rate of interest is considerably more than double of Ferratum’s!

 

9 things you didn't know about loans

9 Things You Might Not Know About Payday Loans - An infographic by the team at Compare Payday Loans Infographic