Minors trapped in quick credit schemes

  • 2014-02-05
  • From wire report
TALLINN - According to unofficial information, at least 45,000-50,000 people in Estonia are estimated to have problems paying back their quick credit, or so-called speed loans, reports Aripaev Online. A review presented to the Riigikogu finance committee on Monday, Jan. 27, shows that the size of the unregulated loan market grew by 30 percent from last year.“The considerable annual growth of the unregulated loan market, the high general number of speed loan demands that are problematic, and the number of people in trouble because of speed loans doesn’t allow for a delay ...
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