Showing posts with label payday loans. Show all posts
Showing posts with label payday loans. Show all posts

Tuesday, March 20, 2012

UK poor being lured into more debt

Al Jazeera

Campaigners say the so-called 'Pay Day loans' are targeting poorest in the society affected by austerity measures.



As the saying goes, someone always makes a profit out of a crisis, and Britain's high streets are filling up with these little enterprises.

Many British citizens who have been affected by the austerity measures have been lured by these money-lending firms which claim to offer short term solutions.

But a growing number of people in the UK are getting further into debt. Campaigners say the so-called 'Pay Day loans' are targeting the poorest in the society.

Laurence Lee reports from Wigan in the northwest of England.