Friday, September 25, 2015

why this?

Coroner calls for overhaul of payday loan rules after disabled teenager killed himself onCoroner calls for overhaul of payday loan rules after disabled teenager killed himself on
Kane Sparham-Price (pictured), 18, of Ashton-under-Lyne, Greater Manchester, hanged himself after Wonga took payment for his debts under the terms he had agreed to. After finding that the teenager had taken his own life, Manchester Coroner John Pollard (bottom right) voiced concerns that there may be similar deaths in the future unless changes were made. He wrote to the Financial Conduct Authority calling for a statutory minimum amount which must be left in an account to avoid someone being left penniless.

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