MP Mike Crockart offered payday loan in fake name

Mike Crockart. Picture: Neil Hanna

Mike Crockart. Picture: Neil Hanna

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A CITY MP has raised more concerns about the actions of payday loan companies after he successfully applied for a loan for a fictional character.

Mike Crockart, MP for Edinburgh West, said “Boris Peep” apparently received immediate approval after he responded to an unsolicited marketing text message sent by Txt4PayDay.com, which he said in the Commons linked him directly to the QuickQuid loans company.

The Liberal Democrat told MPs he made an initial application under his own name which led to a bombardment of messages about an approved payday loan. To test whether proper checks were carried out, Mr Crockart then repeated the process under the fake name – and was successful.

Outlining his test, he told MPs: “I filled in details asking for a £200 loan over a month period, and pressed the button ‘get to your cash’ – not apply, get your cash – expecting to be quoted a £50 charge, as advertised on the payday lender site, as an example loan.

“Instead, I found myself directed to the QuickQuid website, one of the companies which had given evidence to the [culture, media and sport] committee. I was offered £400 over three months, with a total cost of £754 to pay back.

“I left it at that because I didn’t think it was a good deal – I didn’t even press any buttons on that second website, but I then received e-mails and texts.” He received messages saying “one more step to go”.