Charity warns of payday loan risks

AOL Money Staff
Empty pocket
Empty pocket

A debt advice charity has seen almost 16,500 people approach it this year with problems linked to payday loan debt - with more than 2,000 of them struggling with five of these loans or more.


The Consumer Credit Counselling Service (CCCS) said it is on course to see a record number of people this year, having assisted almost 17,500 clients last year and just under 6,500 in 2009.%VIRTUAL-SkimlinksPromo%