Cardiff Central Labour Parliamentary Candidate, Jo Stevens today called for stronger rules to limit what she has described as harassment from pay day lenders.
Jo was commenting after hearing details from local residents about constant calls, texts and emails from numerous high-interest loan companies. She heard how one resident had enquired about a loan from Wonga and was refused but subsequently received hundreds of calls and texts over two weeks, day and night, from numerous lenders.
He eventually received over a thousand emails, more than 700 texts and almost 400 calls often offering to lend him amounts he could not hope to pay back. Mr Diamond came to the Labour candidate because he did not want others to go through the same experience and recognised that many were turning to such lenders in desperate personal circumstances. He saw that such constant harassment may impact on their health and wellbeing as well as potentially putting them under great financial stress.
Jo Stevens said, "The policies of this Con Dem Government - that is so ably propped up by our Lib Dem MP - are causing great financial hardship.
"Many people are faced with impossible choices and are turning to high interest lenders to cover unforeseen circumstances and bills.
"For lenders to bombard people in such a way is clearly tantamount to harassment and unacceptable. I will be contacting the government and the regulators asking them to take action.”
Joe Diamond said "I came to Jo Stevens because she has a reputation for challenging such behaviour and am glad she is taking the issue forward."