Charity warns of payday loans crisis
Matt Morton/PA Archive/Press Association Images
National Debtline has revealed an impending payday loans crisis is on the way. It says that it has had calls from 9,500 desperate payday loans customers in the last six months - an increase of 116% from a year earlier. It's by far the fastest-growing area of problem debts - and 10% of all people asking for help have a payday loan.
It doesn't expect the flood of calls to stop any time soon, and is calling for action to "stem the tide of payday loan problems". So what is going on, and what can you do if you have a payday loan headache?
