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Payday loans ‘highlight debt problems’

June 29th, 2008 by admin

The rise in the number of payday loans being taken out by households in the UK is proof of the problems caused by the credit crunch and highlight “unsustainable” levels of personal debt in the UK, it has been claimed.

According to research by the Moneysupermarket.com, commissioned by the Times, the number of payday loans taken out has risen by 130 per cent since last August. Read more
Courtesy: www.debtmanagementtoday.co.uk

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