Payday loans 'to fund Christmas'

More than one million people plan to take out a payday loan to cover the cost of Christmas, research by a Government-backed body has found.

The Money Advice Service (MAS) said one in 40 (2.44%) people surveyed for its research, equating to around 1.2 million across the UK, is thinking about turning to a payday lender to fund their seasonal spending.
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