16 Feb 2017 | Posted In Money advice news

Citizens Advice has published a report entitled ‘Debt on your doorstep’ looking into the doorstep loan market, which is the largest high-cost credit market in the UK used by over 1.3m customers. It identifies common problems experienced by their clients with unmanageable doorstep loans such as high-pressure sales tactics, inadequate affordability checks and aggressive collections practices.

The report calls on the FCA to use its review of high-cost credit to better regulate the market as it has with payday lending.

Read the full doorstep loan report here.

Also read the Money Advice Trust’s response to the FCA consultation on high-cost credit.