Banks sa personal loan

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Banks sa personal loan

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Banks sa personal loan

We therefore concluded that the ad was irresponsible. On that point, the ad breached BCAP Code rule 1. 2 1. 2 Advertisements must be prepared with a sense of responsibility to the audience and to society.

(Responsible advertising). We noted that, under Regulation 6(1)(b), credit ads must specify an RAPR if they included any incentive to apply for credit or to enter into an agreement under which credit was provided, and that that RAPR should be given greater prominence than the incentive (Regulation 6(2)).

We acknowledged the Money Shop's and the agency's argument that the offer of £5 cashback for every £100 borrowed, payable when the loan was repaid in full on or before its due date, was not an incentive but rather a reward for good borrower behaviour. However, we considered that it was likely to encourage viewers banks sa personal loan consider taking out a loan with that company and was therefore an incentive to apply for credit.

Banks sa personal loan