BetFred offers minimum wage staff quick cash loans with 39.9% interest rate

BetFred has advertised quick cash loans with an interest rate of 39.9% on its staff intranet and Facebook pages.

The adverts are for Goldentree Financial Services, where BetFred’s CEO Fred Done is the majority shareholder.

Speaking to The Daily Mirror, a BetFred employee said: “There is a lot of ill-feeling about this. The adverts suddenly appeared on the staff internet site and on the CCTV.