Cefais gyfarfod cadarn gyda’r Gymdeithas Cyllid Defnyddwyr ar 21 Tachwedd, gyda chyfle i fynegi barn yn gryf. Dywedais yn gwbl glir fy mod yn bryderus iawn ynghylch effeithiau gweithgareddau aelodau’r Gymdeithas. Yn sicr, nid benthycwyr diwrnod cyflog yw’r ateb i’r rheiny sy’n methu â thalu eu costau byw o ddydd i ddydd. Drwy gael benthyg arian fel hyn a hwythau eisoes mewn caledi, mae eu sefyllfa ariannol yn mynd o ddrwg i waeth. Dyna yw’r dystiolaeth gan gyrff fel y Canolfannau Cyngor ar Bopeth sy’n helpu’r rhai sydd wedi benthyca oddi wrth y Cwmniau Benthyciadau diwrnod Cyflog ac yn methu ag ymdopi gyda’r ad-daliadau beichus. Pwysleisiwyd i’r Gymdeithas Cyllid Defnyddwyr yr angen i sicrhau bod cwsmeriaid y benthycwyr diwrnod cyflog yn cael eu trin yn deg drwy fenthyca cyfrifol. Mynegwyd pryderon hefyd ynghylch y 15% o gwsmeriaid nad ydynt yn ad-dalu eu benthyciadau diwrnod cyflog ar amser. Yn aml, pobl agored i niwed yw’r rhain, a gall eu dyledion cynyddol gael effaith gwbl ddinistriol arnynt.
I had a robust, meeting with Consumer Finance Association on the 21 November. I made very clear my deep concerns about the impact of their members’ activities.  Payday lenders are certainly not a solution for vulnerable people who find themselves unable to meet their day to day living costs.   Borrowing in this way when already in dire straits will only serve to compound their financial difficulties further. This is supported by evidence we have received from organisations such as Citizens’ Advice Cymru who are helping people who have borrowed from Payday Loan companies and have been unable to cope with the burden of the repayments.  It was highlighted to Consumer Finance Association the need to ensure that customers of payday lenders are treated fairly and that lending practices are responsibly carried out.  Concerns were also highlighted about the 15% of payday loan customers who do not make their repayments on time. These are often the most vulnerable people in society and the impact on them can be quite devastating in terms of mounting debt.