High-interest 'doorstep loans' need to be regulated says charity

Citizens Advice calls for curbs on home credit plans, which can charge interest rates of 1,557%Britons saddled with high-interest “doorstep loans” should be given the same protection as people with payday loans and be saved millions of pounds’ worth of excess charges a year, said Citizens Advice. In the UK, more than 1.6 million people use loans sold door-to-door – which are also known as home credit – and the market is one of the largest for high-cost credit, the c