High-cost loans such as home credit, doorstep loans and hire purchase are far more widely used than pay day loans
, shows Welsh study.
By NOOR NANJI Press Association PUBLIC sector workers are increasingly turning to pay day loans
to make ends meet following the Brexit squeeze on the cost of living.
It is humiliating and shameful that we have food banks, soup kitchens or pay day loans
in the UK - this is decades of government incompetence which can never be forgiven.
Only last week I met a man at a drop-in centre who had learning difficulties - and the little money he had was going on pay day loans
MORE than 60% of people who took out pay day loans
used the money to pay for household bills or buy essentials such as food, nappies and petrol, a survey by Which?
A leading churchman has attacked high-interest pay day loans
With fast loans and 100 day loans
, this short-term loan provider truly lives up to its promise of "100 days of freedom."
Pay day loans
, money orders, check cashing, authorized bill pays- utilities, car loans, car sales, Western Union.
THE endless increase in pay day loans
, pawn brokers, food banks and soup kitchens in the UK is embarrassing, humiliating and shameful.
Advisors at St Andrews debt advice service in Clubmoor have seen a "dramatic increase" in the number of clients seeking help after taking out pay day loans
- and some are still paying back their debts from last Christmas.
No surprise when you compare their representative APR for pay day loans
- Moneywise's rate of 26.8% compares to Wonga's 4214.0%!
FIRMS which offer pay day loans
should be regulated, a Huddersfield debt advice solicitor says.