Yesterday I was engaged in my favourite pastime on the tube – reading people’s phones over their shoulder (don’t judge me – you know you all do it…).
What I saw this time genuinely shocked me.
My fellow commuter was using excel to build a monthly budget planner – a very laudable exercise and one that most people would benefit from doing. He had a healthy income far in excess of the average, and most of his outgoings were small. However, what shocked me was that nearly half of his income was going out to payday loan providers. I was really upset that he’d ended up in this situation, and wondered how it could have been avoided. This is something I’ve never come across directly with my clients, but some of their children have ended up with unsustainable debts through the unscrupulous methods of loan providers.
Strabens Hall Ltd is authorised and regulated by the Financial Conduct Authority (“FCA”). Our FCA registration details are set out in the FCA Register under firm reference number 461795 (www.fca.org.uk). Strabens Hall Ltd is registered in England and Wales (registered number 06015275) and our registered office is 5 – 9 Eden Street, Kingston upon Thames, Surrey, United Kingdom, KT1 1BQ.
Some of our services are not regulated by the FCA. Before you engage us in any work, we will outline which of those services are and are not regulated by the FCA to enable you to make a fully informed decision.
The Financial Ombudsman Service (FOS) is an agency for arbitrating on unresolved complaints between regulated firms and their clients. Full details can be found on its website at www.financial-ombudsman.org.uk.