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Credit Brokers Posing as Pay Day Lending Companies

Submitted on Saturday 3rd May 2014

Published on Thursday 22nd May 2014

Current status: Closed

Closed: Sunday 22nd February 2015

Signatures: 3

Tagged with

Internet ~ Money

Petition Action

Credit Brokers Posing as Pay Day Lending Companies

Additional Information

We believe credit brokers intentionally misleading people into believing they are payday lending companies online. In some instances a person will be filling in a loan application when they are re-directed to a page asking them to confirm their details for the loan.
What they do not realise is that they have actually been re-directed to a broker. The brokers' page they are re-directed to is intentionally misleading them into thinking they are going to receive a loan. Once the money is taken there is often no confirmation or notification.

A simple Internet search about this will show forums and discussions where many many people have lost money as a result.

There should be regulation in place to ensure these brokers clearly indicate they are in fact brokers and not pay-day loan companies. The brokers should obtain further permission from the individual (via phone or in writing) before taking money from their account.


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