By Kevin PeacheyPersonal finance reporter
Cash advance complaints have actually increased sharply nevertheless the a number of gripes about lending options continues to be dominated by re re payment security insurance coverage (PPI).
The sheer number of complaints about payday loan providers significantly more than tripled to 4,186 into the very first 50 % of the 12 months compared to the last 6 months.
The Financial Ombudsman, which compiled the numbers, stated borrowers had are more alert to their liberties.
The figures will always be dwarfed by PPI complaints, which totalled 91,381 when you look at the 6 months to June, accounting for 54% of the latest instances considered by the ombudsman.
There have been 169,132 brand brand new situations regarding the publications for the ombudsman into the very first 50 % of the 12 months. Read more