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Liverpool Echo
Liverpool Echo
National
Charlotte Hadfield

Dad disgusted at compensation from payday loans company

A dad racked up thousands of pounds worth of debt by a payday loans company which he says "played on people's misery".

George Lea, 76, and his wife Linda, 71, from Tuebrook, took out a number of loans from doorstep lender Provident over the years to help them pay for food shopping, Christmas and birthdays. George said the loans were a "quick fix" at the time but with sky-high interest rates they soon spiralled into debt.

Provident, was part of a company called PFG, which previously provided short-term, guarantor and doorstep loans with interest rates as high as 1,557.7% APR- but after being hit hard by mis-selling claims the company permanently closed on December 31 last year.

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