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Payday loans fuel UK consumer debt problem

New research has found that payday loans are fuelling consumer debt problems, while demand for this type of easy-access credit looks to be soaring across the UK.A new survey1by national debt charity, Debt Advice Foundation has found that 41 per cent of those struggling with debt claim their financial problems are the result of high interest „payday‟ lending.

Source:   Payday loans research – Debt Advice Foundation_1

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