Payday Loans Lender speedeloans Reaffirms the Need for Responsible Lending
As a responsible payday loan lender, we have no desire to add to the woes of students or any other group that clearly are likely to have difficulty meeting a financial liability.

HERTFORDSHIRE, ENGLAND, January 14, 2012 /24-7PressRelease/ -- In a statement issued today, Gary Miller-Cheevers, CEO of www.speed-e-loans.com, has expressed his concerns over payday loans companies exploiting vulnerable customers - and tainting the image of the payday loans industry.

This is in the wake of recent press reports where lenders appear to be targeting specific groups such as the military or students.

Mr. Miller-Cheevers from speedeloans says: "As a responsible payday loan lender, we have no desire to add to the woes of students or any other group that clearly are likely to have difficulty meeting a financial liability.

"Surely there are enough genuine borrowers who require a short term loan until payday, without having to trawl minority groups, such as students for example, who by definition may not be as financially savvy as mainstream working adults?"

He added that speedeloans only lends to full-time employees, restricting lending to an affordable level dictated by their take-home pay, and even then declining up to 90% of all applicants.

Mr. Miller-Cheevers hit the headlines recently by endorsing a push for capped interest rates on short-term borrowing by MPs.

Press Release Contact Information:

Gary Miller-Cheevers
SpeedeLoans Ltd
CEO
507 Centennial Park
Elstree, Herts
UK WD6 3FG
Voice: 0844 879 3199
Website: Visit Our Website