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Q&A: Payday loans

Payday lenders are facing a cap on the cost of their loans, under new government plans.

09 March 2014
loans debts
Bankruptcy

Insolvency experts have predicted that more people who are short of money are going to turn to payday lenders - who can be found on the High Street and the internet - for a short-term loan.

Some debt charities and consumer groups have warned that such lenders can lure the unwary into taking on debt that balloons out of control.

http://www.bbc.co.uk/news/business-16067283

 

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