spiralling debt

[solo]

http://news.sky.com/skynews/Home/UK...Now_Using_Them,_Watchdog_Consumer_Focus_Finds

It's about time we returned to weekly pay in cash or at least be given the option.

 

[big-all]

It's about time we returned to weekly pay in cash or at least be given the option.

bit off a non story realy 2 percent off the population find it difficult to make end meet

now if you were to include people using pawn brokers money lenders loan sharks extending overdraughts an credit card limits
you may reach 20 to 40 percent

 

[joinerjohn]

Trouble is the government won't ban them. I've seen the adverts on TV for these and the interest rates are sky high. Some of them have an APR of over 2000%. They are meant as an extremely short term loan though, but how many people would borrow £100 on a Wednesday, pay it back on Friday and would have to pay £120 out of their pay packet then have to do it again next week?

These loans are for real mugs though. Just a pity the government don't ban them completely. They are aimed at the 2 cars on the drive, f**k all in the freezer brigade.